Examlex

Solved

Explain the Difference Between Application Software and System Software

question 20

Essay

Explain the difference between application software and system software.


Definitions:

Retention Bonus

A financial reward offered to an employee as an incentive to remain with the company, underlining the organization's appreciation for their contribution.

Piecework Rate System

A compensation system where employees are paid based on the quantity of units they produce or complete, rather than receiving an hourly wage.

Merit Pay System

A compensation strategy that rewards employees based on their performance, as opposed to factors such as seniority or hours worked.

ESOPs

Employee Stock Ownership Plans, a program that provides a company's workforce with an ownership interest in the company.

Related Questions