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Kwok Winn is looking to open a new business in his native Singapore. He has decided on a form of licensing that provides him with a standard package of products, systems, and management services in order to sell fast food to local residents. Which of the following best describes the form of business that Mr. Winn has chosen?
Compensation System
An organized approach utilized by companies to pay and reward employees for their contributions, including salary, wages, bonuses, and benefits.
Directly Related
Having a direct connection or relevance to the matter at hand, often used to describe the relationship between work tasks and job requirements.
Compensation Administration
The process and policies involved in determining, distributing, and managing the compensation of employees within an organization.
Necessary Information
The crucial data or knowledge required to perform a task, make a decision, or understand a situation.
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