_______ Refers to a Fundamental Global Shift in Which Industrialized

question 4

Short Answer

_______ refers to a fundamental global shift in which industrialized country-dependent developing economies begin to grow based on their own underlying economic strengths rather than the ups and downs of the world's richest countries.

---

Definitions:

Salary

A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee, especially a professional or white-collar worker.

Wages

Monetary compensation paid by an employer to an employee in exchange for work performed, typically calculated on an hourly, daily, or weekly basis.

Bonuses

Additional compensation rewards given to employees as recognition for good work or achievements beyond their regular pay.

Job Evaluations

A systematic way of determining the value/worth of a job in relation to other jobs within an organization to establish a fair and equitable pay structure.