Examlex
_____ approach describes how managers actually make decisions, where as _____ approach defines how a decision-maker should make decisions.
Merit Pay
A system of compensation where employees are rewarded based on their performance, often evaluated through predetermined criteria.
Entitlement Pay
Financial compensation granted to employees based on their title, status, or seniority rather than their performance or productivity.
Intrinsic Rewards
Refers to the internal and psychological rewards individuals receive from engaging in activities that are inherently satisfying or fulfilling.
Symbolic Tokens
Items, gestures, or actions used to represent or signify larger concepts, beliefs, or values.
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