Solve the Problem $\$ 21 \times 10 ^ { 8 }$

question 161

Multiple Choice

Solve the problem. Express your answer in scientific notation, and round to one decimal place.
-Approximately 7 × 103 employees of a certain company average $30,000 each year in salary. What is the total amount earned by all the employees of this company per year?

• A) \(\$ 21 \times 10 ^ { 8 }\)
• B) \(\$ 2.1 \times 10 ^ { 8 }\)
• C) \(\$ 21 \times 10 ^ { 9 }\)
• D) \(\$ 2.1 \times 10 ^ { 9 }\)

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Definitions:

Sales Territory

A designated geographical area assigned to a salesperson or team where they are responsible for conducting business activities.

Merit Pay

A compensation strategy that offers pay increases or bonuses to employees based on their performance accomplishments or achievements, rather than their position or seniority.

Base Pay

The initial rate of compensation an employee receives, not including benefits, bonuses, or any other potential earnings.

Merit Pay Plan

A pay system where employees receive increases in pay based on their performance, as determined through evaluations and assessments.