Match each word with the phrase that best defines it.
lease
a legal agreement allowing a person
to use a car or property for a payment
installment
to buy something on credit
finance
a payment in a series that is made
over a long period of time
mortgage
a legal agreement to borrow money
for the purchase of a home
equity
the value of a property above any
loans that are owed
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Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above