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Which of the following refers to the system of rules and procedures for how and when punishment is administered and how severe the punishment should be?
Profit-Sharing Programs
Incentive plans introduced by businesses that provide employees with a share of the company's profits beyond their standard pay.
Skill-Based Pay
A compensation system that bases an employee’s pay on the skills, knowledge, and abilities they demonstrate, rather than their job title or position.
Company Profits
The financial surplus generated from a company's operations after subtracting all expenses from its total revenue.
Job-Related Skills
Specific abilities and knowledge required to perform particular tasks or duties in a job.
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