The system that distributes to employees some portion of the profits of business,either immediately or deferred to a later date is called rate setting.

Name: The system that distributes to employees some portion of the profits of business,either immediately or deferred to a later date is called rate setting.
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Question

Quizplus · Accepted Answer

The system described in the statement is actually profit sharing. Rate setting refers to the process of determining the prices or rates charged for goods or services.

The System That Distributes to Employees Some Portion of the Profits