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Discuss two reasons why the principle of precedent is so important.
Faith-Based Businesses
Enterprises that are grounded in and operate according to the principles of a particular faith or religious set of beliefs, often integrating moral and ethical considerations into business practices.
Compensation
The total amount of the monetary and non-monetary pay provided to an employee by an employer in return for the work performed as required.
Benefits Packages
A combination of non-wage compensations provided to employees in addition to their salaries or wages, including health insurance, paid time off, retirement plans, and more.
Incentive Compensation
A performance-based payment system where rewards are offered to employees for meeting certain targets or achievements.
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