The Organization's Compensation Structure Should Be All of the Following

question 15

Multiple Choice

The organization's compensation structure should be all of the following, except

• A)equitable.
• B)open to the public.
• C)in compliance with the law.
• D)competitive in the external labor market.
• E)fair reward for the individual's contribution.

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Definitions:

U.S. Bureau of Labor Statistics

A government agency that collects, processes, and disseminates a wide range of economic data, including employment, inflation, and productivity statistics.

Nurse Practitioners

Advanced practice registered nurses who have additional education and training in a specialty area, such as family practice or pediatrics.

Product Demand

The desire for a specific good or service supported by the capacity and willingness to purchase it at a given price.

Labor Demand

Labor demand refers to the quantity of labor that employers are willing and able to hire at a given wage rate in a given market.