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Melanie was just hired as the risk manager of JKL Company.The company president asked her to make a thorough review of all of the company's loss exposures.Melanie noted that many employees were too heavily invested in stock issued by the company in their 401-k plan.Melanie suggested that the employees change some of their investment holdings to mutual funds that invest in stock issued by different companies.The risk control method that Melanie suggested is
Daily Wage
A pay rate based on the amount of work completed in a single day, typically used for manual or labor-intensive jobs.
Unionization Rates
The percentage of workers in a particular labor market or industry that are members of labor unions.
Nominal Wage
The amount of money paid to a worker per unit of time, measured in current currency terms without adjustment for inflation.
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