What Is a Benefit of Broadbanding

question 58

Multiple Choice

What is a benefit of broadbanding?

• A) It eliminates the obsession with pay grades.
• B) It encourages employees to stay in their current position.
• C) It encourages employees to follow a clearly-defined career path.
• D) It eliminates the temptation by employees to develop lateral skills.

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Definitions:

Long Position

The futures trader who commits to purchasing the underlying asset.

Short Position

An investment strategy where an investor sells borrowed securities with the expectation of buying them back at a lower price to make a profit.

Agricultural Futures

Contracts to buy or sell agricultural commodities, such as wheat, corn, or soybeans, at a predetermined price on a specified future date, used for hedging or speculative purposes.

Pork Bellies

Futures contracts that were historically traded on the commodity exchanges, representing 40,000 pounds of frozen, trimmed bellies of hogs, which are used to make bacon.