In Terms of the Number and Dollar Volume of Transactions

question 123

Multiple Choice

In terms of the number and dollar volume of transactions, the B2B market is ________ the consumer market.

• A) larger than
• B) smaller than
• C) the same size as
• D) unrelated to

Recognize the purpose and process of job analysis in determining compensation.

Understand the focus of competency-based analysis and person-based job analysis.

Identify the role of different analyses (job, workflow, SWOT) in improving organizational processes.

Identify what constitutes job requirements, job descriptions, and job specifications.

---

Definitions:

Binding Arbitration

A legal procedure where a dispute is resolved by an arbitrator whose decision is final and legally enforceable.

Informal Law

A term that may refer to customary practices or agreements that are recognized and followed by a group of people, even though they are not codified by government legislation.

Disinterested Third Party

An impartial and unbiased individual or entity not involved in the interests or concerns of the principal parties in a transaction or dispute.

ADR

Stands for Alternative Dispute Resolution, which is a range of processes and techniques used to resolve conflicts or disputes without litigating in court.