correct or incorrect? justify your answer

Statement 3: Lexi Co's bonus structure is linked to individual performance, but it also incorporates team performance. This ensures that employees collaborate effectively and support their colleagues to achieve collective success. Our new rewards policy introduces a mandatory annual bonus for all employees, regardless of their performance. Lexi Co's new performance appraisal system incorporates a 360-degree feedback mechanism. This means that feedback on an employee's performance is collected not only from their immediate supervisor but also from peers, subordinates, and even customers or clients they interact with. This comprehensive feedback approach provides a well-rounded view of an employee's performance and fosters a culture of continuous improvement