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A Stock Split Has the Effect of Reducing the Par

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A stock split has the effect of reducing the par value per share and the number of shares outstanding.


Definitions:

Job Enrichment

A motivational strategy adding more meaningful tasks and duties to an employee's job to enhance their satisfaction and performance.

Compensation System

An organized approach used by organizations to determine the pay structure and benefits provided to employees, including wages, salaries, and all kinds of rewards.

Performance Pay

Performance pay is compensation designed to reward employees based on their job performance.

Flexible Work Schedules

Work arrangements that allow employees to vary their arrival and departure times, and sometimes choose their work location.

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