As a Global Recession Began in Late 2008,the Governments of All

question 33

Multiple Choice

As a global recession began in late 2008,the governments of all major economies searched for policy responses to dampen the effects of the recession.In general,governments were aiming to

• A)shift the AD curve to the left by decreasing tax rates.
• B)increase potential GDP.
• C)shift the AS curve to the right through large increases in government spending.
• D)shift the AD curve to the right through large increases in government spending.
• E)shift the AS curve to the left by increasing wage rates.

Understand the process and terminology of aging data for compensation surveys.

Recognize the disparities and potential unfairness in market values of jobs.

Identify the ease of use of different survey data sources and the steps in conducting a compensation survey.

Explain comp-ratio and its implications on compensation strategy.

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Definitions:

Cycle Inventory

The portion of inventory that is planned to be sold in a given cycle, as part of the regular pattern of ordering and selling goods.

Forward Buying

Purchasing inventory in larger quantities than immediately needed, often in anticipation of price increases or high demand periods.

Lot Size

The quantity of items that are produced, purchased, or moved in a single batch or order.

Cycle Inventory

Inventory that companies maintain to facilitate production in batches or cycles, as opposed to continuous production.