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Briefly describe three types of pay-for-performance programs.
Business Flexibility
The ability of a company to adapt to changes in the market or industry, altering operations or structures to meet new challenges.
Common Set
A group of elements or principles shared among various entities or situations, typically forming a basis for further discussion or analysis.
Exclusive Representation
The legal right of a duly selected union to be the sole representative of all workers in a bargaining unit in negotiations with the employer.
Union Density
The ratio of workers who are union members to the total number of workers within a specific area or sector.
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