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Which of the following is a risk assessment principle?
Lump-sum Merit Pay
A one-time payment awarded to an employee for exceptional performance, rather than an ongoing salary increase.
Base Pay
The initial rate of compensation an employee receives, excluding any additional benefits, bonuses, or overtime.
Annual Merit Raise
An increase in salary given yearly based on an employee's performance evaluation.
Performance Appraisal
The systematic evaluation of an employee's performance on the job, typically including both qualitative and quantitative assessments.
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