Answer:
True.
Step-by-step explanation:
In 1992, Shapiro, Sheppard, and Cheraskin formed different levels of trust involved in any organization or between individual. Among them, the first level of trust is Calculus-based trust (CBT) relationship.
In Calculus-based trust relationships the trust is based on belief of reward and punishment, which means that if other party fails to fulfil his/her promises than he/she will have to have the consequences. The consequence of compliance or non-compliance have to do with reward or punishment.
So, the given statement is true.