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A difference in wages that arises to offset the nonmonetary characteristics of different jobs is known as
Transnational Corporation
A firm that attempts to balance local responsiveness and global scale via a network of specialized operating units.
International Corporation
A large company that operates in multiple countries, managing production or delivering services across national boundaries.
Incentive Premiums
Additional rewards or bonuses offered to employees or customers as an incentive for desired behaviors or achieving certain benchmarks.
Cost-Of-Living Adjustment
A salary adjustment based on the increase in the cost of living, intended to preserve purchasing power.
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