Examlex
Which of the following statements is/are true?
Cash Rewards
Monetary incentives provided to employees, customers, or individuals as recognition for their achievements, loyalty, or participation.
Performance
Performance refers to the execution and accomplishment of given tasks measured against preset known standards of accuracy, completeness, cost, and speed.
Merit Pay
A pay increase given to employees based on their performance, as a reward for achieving specific goals or outstanding work.
Lump Sums
A one-time payment for a sum of money, rather than a series of payments over time.
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