Answer:
Lump-sum payment is when you write a check for a large amount due all at one time.
Step-by-step explanation:
What is lump-sum payment?
Lump sum payment refers to a one-time large payment of money given to an employee, usually instead of a series of payments made over time.
The correct answer is Option 1.
To know more about lump-sum payment here
https://brainly.com/question/1719297
#SPJ2
