Examlex
The authors of your text discuss the idea that social psychology progresses through the process of theory refinement. Which of the following is the best summary of theory refinement?
Merit Pay
A compensation strategy that provides salary increases or bonuses based on employee performance achievements.
Standard Hour Plans
Compensation systems where workers are paid based on a fixed rate for each unit of production completed within a standard time.
Stock Ownership
Refers to holding shares or equity in a company, which can be a form of compensation or investment, aligning employees' interests with the organization's success.
Group Bonuses
Additional compensation provided to a team or group for achieving or surpassing certain goals.
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