All of the following are characteristics of a successful profit-sharing plan except:
A) do not bother setting goals for the plan
B) involve line managers and employees in the plan's creation to ensure they'll support it
C) tie the program to the company's strategies
D) give the plan time to succeed

Question

Quizplus · Accepted Answer

All successful profit-sharing plans have set goals that align with the company's objectives. If there are no goals, it is impossible to measure the performance or success of the plan. Therefore, not bothering to set goals for the plan would not characterize a successful profit-sharing plan, making option A incorrect. Options B, C, and D are all characteristics of a successful profit-sharing plan. Involving line managers and employees in the plan's creation ensures their buy-in and support, tying the program to the company's strategies helps to align it with the overall objectives, and giving the plan time to succeed allows it to show the desired results.

All of the Following Are Characteristics of a Successful Profit-Sharing