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A child is shown a large box and a small box. The large box contains a 5-pound weight and the small box contains a 10-pound weight. The child picks up the boxes and looks at them closely, and then is asked which weighs more. The child is no longer focused only on appearances, so he answers that the small box weighs more. Piaget would say that this child is in the_____ stage of cognitive development.
Incentive Pay
Additional compensation awarded to employees for achieving defined goals, exceeding performance standards, or for exceptional contributions to the company.
Hierarchy
a system or organization in which people or groups are ranked one above the other according to status or authority.
Performance-Based Pay
A compensation strategy that links employee pay directly to their performance outcomes, incentivizing high performance.
Balanced Scorecards
A strategic planning and management system used for aligning business activities to the vision and strategy of the organization.
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