Please Define the Following Key Terms

question 103

Short Answer

Please define the following key terms.
- Silver

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Definitions:

Spot Bonus

An unplanned bonus given for employee effort unrelated to an established performance measure.

Performance Standard

The expected level of performance set by an organization against which employee output or accomplishments can be measured.

Culture of Ownership

An organizational environment where employees feel psychologically part of the company, fostering responsibility, engagement, and innovation.

Employee Stock Ownership Plans

An employee benefit plan giving workers ownership interest in the company, often as a form of retirement plan.