Which term is used to describe the situation where the pay spread between newly hired employees and more qualified job incumbents is small?

A) pay structures
B) pay compression
C) red circle pay rates
D) green circle pay rates

Answer: B

Business

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Which of the following holds true for products with low value-to-weight ratios?

A. They are relatively expensive. B. They do not weigh very much. C. Their transportation costs account for a very small percentage of total costs. D. It is advisable to manufacture them in multiple locations close to major markets. E. Examples of these products are electronic components and pharmaceuticals.

Business

Under most flextime agreements, there is a period of time during the workday when all employees are required to work

Indicate whether the statement is true or false

Business