please answer all the part of the question within 30 minutes in detailed manner. make sure the answer and reasons are explained in details else i will give negative ratings for sure.

The amount awarded is based on the company's earnings over a set period of time, usually once a year. This is only applied when the company makes money. Which type of sharing is this ? Question 5 options: Gain sharing Bonus sharing Goal sharing Profit sharing Question 6 The organization determines a standard time to complete a task, such as tuning up a car engine. If the mechanic completes the work in less than the standard time. the mechanic receives an amount of pay equal to the wage for the full standard time. This is an example of which type of wage? Question 6 options: Piecework Rates Standard Hour Plans Performance Bonuses Merit Pay Question 7 gives employees a \"piece of the action\" so that they can share in the growth and protability of their firm. Question 7 options: |Gain Sharing Profit Sharing Employee Stock Ownership Plans Goal Sharing