Culture Is Largely the Same Across the World

question 63

True/False

Culture is largely the same across the world.

---

Definitions:

Link Performance Pay

A compensation strategy that ties salary or bonuses to the achievement of specific performance metrics or objectives.

Piece Rate Plans

Compensation systems where employees are paid based on the quantity of work completed or units produced, which can motivate higher productivity.

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.