Arax Group of Companies (AGC)has a group incentive plan for its employees.Under this plan,the company sets aside a portion of its profits and divides it among employees.Which of the following plans has the company adopted?

Question

Quizplus · Accepted Answer

A frequently used type of group incentive is the profit-sharing plan. Under this kind of plan, a company sets aside a share of its profits earned during a given period, such as a year, and divides these profits among the employees. AGC has adopted a profit-sharing plan.

Arax Group of Companies (AGC)has a Group Incentive Plan for Its