When a Child Saves Her Allowance to Buy a Toy

question 32

True/False

When a child saves her allowance to buy a toy, she is engaged in external finance.

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Definitions:

Flextime

A flexible work scheduling policy that allows employees to vary their arrival and departure times within specified limits.

Profit-Sharing

A compensation program where employees or stakeholders receive a share of the company’s profits, often based on predefined criteria or performance metrics.

Gain-Sharing

A compensation strategy designed to share the financial benefits with employees when the company achieves specific performance improvements.

Pay-for-Performance

A compensation strategy where employees' pay is directly tied to their performance, productivity, or achievement of specific targets.