Question

Q7. It is claimed by Johnson & Johnson Ltd. Co. that its managers do not accept gifts from its clients. However, if it is in the interest of the company, they may accept gifts of nominal values

only.

(a) Identify the type of plan indicated by the above company. (b) State the situations where some discretion is available to the managers in the above description.

(c) Under which main class of plans does the plan identified by you fall? Why do you think so?​

Answer 1

Answer:

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