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What variables, in addition to current income, are hypothesized to influence consumption in the:
a.life-cycle model?
b.permanent-income hypothesis?
c.random-walk hypothesis?
Merit-Pay Plans
Pay-for-performance plans where employees receive salary increases or bonuses based on their performance evaluations.
Goal-Sharing Plans
Compensation strategies designed to incentivize employees by sharing financial benefits when specific organizational goals are achieved.
Attendance Incentives
Programs or rewards designed to encourage and increase employee attendance and punctuality.
Absenteeism
Absenteeism is the frequent absence from work or other obligations without valid reasons, affecting productivity and efficiency.
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