In a Business Cycle, the End of a Recession Is

question 41

Multiple Choice

In a business cycle, the end of a recession is represented by

• A) a peak.
• B) a trough.
• C) a depression.
• D) an inflation.

---

Definitions:

Merit Pay

A pay increase given to employees based on their performance, as an incentive to encourage higher productivity and commitment.

Incentive Pay

A form of compensation designed to reward employees for achieving specific goals or exceptional performance.

Performance-Based Systems

Systems that appraise and reward employees based on their performance outcomes or achievements, rather than time spent or seniority.

Monetary Rewards

Financial incentives offered to employees as recognition for their work performance, achievements, or to motivate specific behaviors.