In a profit-sharing plan, each participant gets a bonus based on the company's results

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In a profit-sharing plan, the bonus is typically based on the company's results and not on individual effort or performance. The bonus amount is distributed equally among all the eligible participants regardless of their actual effort. This is done to create a sense of ownership and shared responsibility among the employees towards the company's success.

In a Profit-Sharing Plan, Each Participant Gets a Bonus Based