Which of the following best describes profit sharing?
A. A gainsharing program in which employees receive a bonus if the ratio of labor costs
to the sales value of production is below a set standard
B. An incentive pay in which payments are a percentage of the organization’s profits
and do not become part of the employees’ base salary
C. A group incentive program that measures improvements in productivity and
effectiveness and distributes a portion of profit to employees
D. A combination of performance measures directed toward the company’s profit and
used as the basis for awarding incentive pay
E. An incentive plan where a percentage of the previous year’s profits is provided to the
employees as a part of their salary
Carla, a student at Cardinal College, is pursuing a degree in international business
management. As part of her program at Cardinal College, she is required to work at
Wong Consulting for a period of six months, where she will gain experience related to
her field. Carla’s employment at Wong Consulting is an example of a(n) _____.
A. internship
B. coordination training
C. apprenticeship
D. experiential training program
E. simulation training program