(Solved by Humans)-All of the following statements are TRUE regarding profit sharing
Question
All of the following statements are TRUE regarding profit sharing plans EXCEPT:
| They are often used as a means of reducing turnover. | |
| They have been criticized as being remote and unrelated to performance. | |
| They were designed to motivate cost savings. | |
| The group that saves the most money receives the bonus. | |
| They provide long-term incentives. |
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