Which type of profit sharing plan provides payment to employees in cash or stock as soon as profits have been determined?

A) deferred plan
B) current plan
C) performance plan
D) gainsharing plan

Answer: B

Business

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Which of the following strategies is most likely to ensure profitability on a contract undertaken by a price-taker provider?

a. Full-cost pricing b. Marginal-cost pricing c. Target costing d. Zero-cost pricing e. Direct-cost pricing

Business

In computing deferred income taxes for which graduated tax rates are a significant factor, companies are required to use the:

a. average rates b. incremental rates c. actual rates d. graduated rates

Business