If Employees Are Given Bonuses for Exceeding Normal Standards, the Standards

question 31

True/False

If employees are given bonuses for exceeding normal standards, the standards may be very effective in motivating employees.

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Definitions:

Consideration

The value (which can be in the form of goods, services, money, or a promise) exchanged between parties in a contract, making the agreement legally binding.

Delivery

In legal and commercial contexts, delivery refers to the act of transferring possession or control of an item, asset, or document from one party to another.

Acceptance

The agreement to the terms of an offer, contract, or proposal, thereby creating a binding contract.

Intention

The state of mind or determination to perform a specific act or to act in a specific manner for a specific purpose.