The Principal Instruments Through Which Business Uses Its Fmancial Resources

question 26

Multiple Choice

The principal instruments through which business uses its fmancial resources to influence government are

• A)umbrella organizations.
• B)political action committees.
• C)trade associations.
• D)lobbyists.

---

Definitions:

Salary Grades

A method of organizing employees into levels or bands based on their salary ranges, qualifications, or responsibilities.

Competency-Based Compensation

A pay system where employees are compensated based on their skills, knowledge, and performance, rather than job title or seniority.

Specific Jobs

Employment positions defined by particular tasks, responsibilities, and requirements unique to the role.

Employment Requirements

The necessary qualifications, skills, and criteria that a candidate must meet for a job position.