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Scott, division manager at NC Corporation, worked with his human resources representative, Clive, to audit his division for equity, in terms of diversity, compensation, title, promotion records, etc. After studying Scott's 300-person division for two weeks, Clive reported back to Scott, saying, "Your division does not have any notable equity issues, except for one. On average, your female employees earn 10 percent less than their male counterparts at similar levels performing similar jobs. I do not want us to be cited for being in violation of the ________, so I will work with you to put in place a corrective action plan."
Negotiate
The process of discussing terms and conditions with the aim of reaching an agreement or compromise.
Perfect Tender Rule
A principle in commercial law that a seller's performance must exactly meet the contract specifications or the buyer can reject the goods.
Commercial Unit
A term used in the Uniform Commercial Code referring to a standard of measure, item, or a set of items that are treated as a single unit for the purposes of a transaction.
Uniform Commercial Code
A comprehensive set of laws governing commercial transactions in the United States, intended to standardize laws across states.
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