The compa-ratio:
A. measures the degree to which actual pay is consistent with the pay policy.
B. is defined as average pay for the grade divided by the minimum pay for the grade.
C. can range from 0 to 100 percent.
D. uses data from market-pay surveys.
E. measures the degree to which new skills learnt are consistent with the increases in pay.
Answer: A. measures the degree to which actual pay is consistent with the pay policy.
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Gracie Johnson saw the securities announcement for New York Bagel Enterprises that provided the details of the offering and a listing of the underwriting syndicate. She saw the
A) tombstone advertisement. B) prospectus. C) initial post. D) exchange advertisement. E) underwriter's issue.
The efficient market hypothesis suggests that
A) investors should not try to outguess the market by constantly buying and selling securities. B) investors do better on average if they adopt a "buy and hold" strategy. C) buying into a mutual fund is a sensible strategy for a small investor. D) all of the above are sensible strategies. E) only A and B of the above are sensible strategies.