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Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product knowledge.Based on the ratings an employee receives, he or she gets an incentive.The compensation strategy followed by Mich is most closely described as a:
World Bank
A worldwide financial entity that supplies loans and grants to the governments of developing countries to support capital project initiatives.
Intellectual Property
Legal rights that protect creations of the mind, such as inventions, literary and artistic works, designs, and symbols.
Protect
To legally defend or safeguard an individual, group, or entity from harm or legal infringement.
CISG
The United Nations Convention on Contracts for the International Sale of Goods, a treaty providing a uniform international sales law.
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