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Figure 4-21
-Refer to Figure 4-21. The price received by sellers after the tax is imposed is
Extrinsic Rewards
Tangible rewards given to employees for performing specific tasks or reaching objectives, including money, gifts, or other physical rewards.
Intrinsic Rewards
Refers to non-material rewards such as personal achievement, professional growth, sense of pleasure and accomplishment.
Compensation Strategy
A plan established by an organization to attract, retain, and motivate employees through monetary and non-monetary rewards.
Effective Compensation
A pay and benefits package designed to attract, retain, and motivate employees.
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