Lincoln electric and 3m are highlighted in the textbook for their approaches to compensation for their employees. when it comes to compensation, in these companies

When this is looked at, we are referring to the organisation's routine with regards to imparting every year's benefits to pay his assembly line laborers a yearly reward worth 100% which was even greater amount than their wages. "It just looks to the normal man as though something isn't right . To a few people It is only a rash use yet the possibility that getting gainful gives you a reward and additional wage influenced the work to constrain extremely beneficial

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan