<p>Many companies host annual awards banquets as a way to <strong>recognize</strong> the achievement of their employees.</p>
<p>The correct answer is <strong>(C) recognize</strong>.</p>
<p>The verb "recognize" means to acknowledge or give credit to someone for their achievements or contributions. In this context, hosting an annual awards banquet is a way for companies to show appreciation and acknowledge the accomplishments of their employees.</p>
<p>The other options do not fit the sentence:</p>
<p>(A) "Dedicate" means to devote time, effort, or resources to a particular purpose. While companies may dedicate resources to hosting the banquet, it does not convey the idea of acknowledging achievements.</p>
<p>(B) "Compensate" means to give something in return for services or to make up for a loss or damage. While companies may compensate employees for their work, it is not the purpose of hosting an awards banquet.</p>
<p>(D) "Reimburse" means to repay or refund someone for expenses incurred. Hosting an awards banquet is not a situation where companies would need to reimburse their employees.</p>