Explain the difference between profit sharing and gain sharing. ...

[BRWH]

Explain the difference between profit sharing and gain sharing.
 
  What will be an ideal response?

Question 2

One advantage of larger groups is that they have a greater number of resources at their disposal to accomplish their goals.
 
  Indicate whether the statement is true or false

[InfiniteSteez]

Answer to Question 1

Profit sharing is a kind of gain-sharing pay plan. Employees participating in profit-sharing plans receive a certain share of an organization's profits. Pay plans that are linked strictly to organizational performance are often called gain-sharing plans. In organizations that have such plans, employees are given a certain share of the profits that the organization makes or a certain share of the expenses that are saved during a specified period of time.

Answer to Question 2

TRUE