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Describe the Bretton Woods exchange rate system and explain how it fell apart.
Maximum Pay Rate
The top limit on the amount of compensation an employee can receive for their position within an organizational pay structure.
Equal Interval Approach
A method in which data or measurements are organized into categories that are equally spaced, often used in statistical analysis or data representation.
Pay Grade Sizes
The levels or categories within an organization's pay structure that determine the range of salaries for different groups of jobs, based on their evaluation.
Natural Breaks
Points in data or a process where there is a significant gap or change, often used to categorize or segment information.
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