A qualified ________ must provide a definite predetermined formula for allocating the contributions made to the plan among the participants and for distributing the funds accumulated under the plan after a fixed number of years,after the attainment of a stated age,or upon the prior occurrence of some event,such as layoff,disability,retirement,or severance of employment.
A)Scanlon Plan
B)Rucker Plan
C)Improshare
D)Profit sharing plan

Question

Quizplus · Accepted Answer

A profit sharing plan is the only option among the given choices that requires a predetermined formula for allocating contributions and distributing funds to participants based on certain events or after a fixed number of years or attainment of age. Scanlon plan, Rucker plan, and Improshare are all examples of different types of incentive plans aimed at improving productivity in organizations.

A Qualified ________ Must Provide a Definite Predetermined Formula for Allocating