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What are the three properties of economic fluctuations?
Paychecks
Regular payments made to employees for their work, typically issued on a fixed schedule and reflecting gross earnings, net earnings, and deductions.
Incentive Pay
Additional compensation awarded to employees for achieving defined goals, exceeding performance standards, or for exceptional contributions to the company.
Hierarchy
a system or organization in which people or groups are ranked one above the other according to status or authority.
Performance-Based Pay
A compensation strategy that links employee pay directly to their performance outcomes, incentivizing high performance.
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