BUSINESS ADMINISTRATION
ORGANIZATIONAL BEHAVIOUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bonus
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Fringe Benefits
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Profit-sharing
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Salary
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Detailed explanation-1: -A profit-sharing plan is a pension plan, which gives an employee a share in the company’s profits. As per this plan, which also referred to as the deferred profit-sharing plan (DPSP), employees will go onto receive a portion from the company’s profits which depend on the annual or quarterly earnings.
Detailed explanation-2: -A profit-sharing plan gives employees a share in the profits of the company. Each employee receives a percentage of those profits based on the company’s earnings. Also known as “deferred profit-sharing plan.”
Detailed explanation-3: -Profit sharing is a method of industrial remuneration under which an employer pays his employees a share in the annual net profits of the enterprise as fixed in advance. The share is in addition to wages is not based on time or output.
Detailed explanation-4: -There are three basic types of profit sharing plans: traditional, age-weighted and new comparability.