Cash Rewards That Are Tied to Some Aspect of Performance

question 81

True/False

Cash rewards that are tied to some aspect of performance and paid in lump sums rather than as raises are known as merit pay.

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Definitions:

Values and Principles

Are the fundamental beliefs and ethical guidelines that govern an individual's or organization's actions and decisions.

Honesty

The quality of being truthful, transparent, and free from deceit in one's actions and communications.

Ethics

The branch of philosophy dealing with morals, values, and principles that govern individual or group behavior.

Legal

Pertains to laws or the structure of rules that are enforced through social or governmental institutions to regulate conduct.