Q. Which of the following statement is true? (Solved)
1. Profit sharing is an agreement freely entered into by which the employees receive share fixed in advance from the organization’s profits.
2. An experiment in profit shares on a wide scale would therefore be definitely undertaking a voyage of an unchartered sea.
3. Profit distribution under a profit sharing plan are used to fund employee retirement plans.
4. All of the above.
- d. All of the above.