Question

A ________ plan distributes compensation based on some established formula designed around revenue of the company. Group of answer choices piece-rate skill-based competency-based profit-sharing merit-based

Answer 1

profit-sharing

Step-by-step explanation:

As in the partnership, the profit and losses are shared between the partners in their profit losses sharing ratio so the profit sharing plan deals in the same thing if the compensation is distributed so it would be distributed based on the profit sharing plan so that everyone can get their share and according to that the work can done in a smoothly manner