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Cake-A-Licious, a Large Bakery Business, Purchased a Wheat Farm in Order

question 14

Multiple Choice

Cake-a-licious, a large bakery business, purchased a wheat farm in order to reduce the risk associated with its dependency on flour. This is an example of _____.


Definitions:

Reward System

A set of mechanisms for distributing both tangible and intangible returns as part of an employment relationship.

Compensation System

A framework used by organizations to plan, implement, and manage how employees are paid for their work, including salaries, bonuses, and benefits.

Base Pay

The initial rate of compensation an employee receives before any bonuses, benefits, or additional pay is added.

Incentives

Motivations or rewards offered to encourage specific behaviors or actions in individuals or groups.

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