A Well-Designed Reward System

question 90

Multiple Choice

A well-designed reward system

• A) is focused on "what to achieve" to be rewarded as opposed to "what to do" and is management's most powerful tool for gaining employee commitment to superior strategy execution.
• B) should be free of elements that induce stress,anxiety,tension,pressure to perform,and job insecurity.
• C) puts the primary emphasis on denying rewards to those who fail to perform tasks in the prescribed fashion.
• D) emphasizes weeding out employees who are consistently low performers.
• E) strives for 50-50 balance between positive and negative rewards and 50-50 balance between monetary and nonmonetary rewards.

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Definitions:

Sophisticated Clients

Refers to clients with advanced knowledge, experience, and financial assets, which allows them better understanding and decision-making capabilities in complex financial transactions.

Lawyer-Client Relationship

A professional relationship where a lawyer provides legal representation or advice to a client, characterized by confidentiality and trust.

Mutual Decision

A resolution or choice made together by two or more parties where all participants agree.

Provincial Law Society

A regional regulatory body responsible for the licensure, discipline, and professional conduct of lawyers.