Practicing Success
Practicing Success
CUET Preparation Today
| During the year 2018, a business made huge profits due to growing reputation of the business . In order to give due recognition to its employees and motivate them to continue with the good work, the company decided to give a certain percentage of profits to them. Identify the type of financial incentive being adopted by the company. |
Perquisites Profit Sharing Co-partnership Both 2 and 3 |
| Profit Sharing |
| Profit Sharing: Profit sharing is meant to provide a share to employees in the profits of the organisation. This serves to motivate the employees to improve their performance and contribute to increase in profits. |
