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After a Very Successful Year When the Firm Exceeded Targeted

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After a very successful year when the firm exceeded targeted earnings levels by 10 percent, each employee received extra pay equal to 10 percent of what they earned for the year. This plan is called
merit salary.
pay-for-knowledge.
profit-sharing.
gainsharing.
pay-for-performance.


Definitions:

Disorganized Speech

A way of speaking that is incoherent and lacks the normal structure, making it hard for others to understand, often associated with severe mental disorders.

Irving Gottesman

A psychologist known for his work on schizophrenia genetics, demonstrating the importance of heredity in the development of the disorder.

Schizophrenia

A serious mental illness marked by altered cognition, perceptions, feelings, speech, self-awareness, and actions.

Monozygotic Twins

Identical twins that result from a single fertilized egg splitting and developing into two individuals with virtually identical genetic makeup.

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