MATCHING KEY TERMS AND DEFINITIONS

question 4

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-A motivation system that rewards all facility members based on how well the entire group performed.

• A)Team-based compensation
• B)Extrinsic rewards
• C)Compensation administration
• D)Ordering method
• E)Fair Labor Standards Act
• F)Performance-based rewards
• G)Wage structure
• H)Differential
• I)Organization-wide incentive
• J)Classification method
• K)Equal Pay Act
• L)Merit pay
• M)Golden parachute
• N)Compensation surveys
• O)Exempt

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Definitions:

Triple Bottom Line

A sustainability framework that evaluates a company's performance in three areas: social, environmental, and financial, aiming for a balance between profit, people, and the planet.

Eco-Efficiency Measures

Strategies or actions taken by businesses to improve their environmental performance while also reducing costs through efficient resource use.

Strategic Goals

Long-term, overarching objectives that a business or organization aims to achieve, guiding its efforts and resource allocation.

CSR Reporting

CSR reporting involves the disclosure of information by a company about its efforts and performance in areas related to corporate social responsibility, such as environmental sustainability, social well-being, and ethical conduct.