Kora is reviewing her company's pay structure and sees, "Grade 3, Able to work independently and use WordPerfect software, $14.57 hr." Kora is most likely reviewing a:

A) job-based pay structure.
B) skill-based pay structure.
C) decentralized pay system.
D) knowledge-based pay system.

Answer: B

Business

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Which of the following uses a customer-centered "sense-and-respond" philosophy rather than a product-centered "make-and-sell" philosophy?

A) market segmentation B) the production concept C) the marketing concept D) the inside-out perspective E) marketing myopia

Business

Over the 50-year period from 1950 to 1999, 3-month Treasury bills earned a higher average annual rate of return than long-term government bonds

Indicate whether the statement is true or false.

Business