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If an Organization's Compensation Plan Is Competitive with Other Similar

question 44

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If an organization's compensation plan is competitive with other similar organizations', they are said to have:


Definitions:

Silent Acceptance

An implied agreement to a proposal demonstrated through an individual's actions rather than explicitly expressed consent.

Common Law

Law that is derived from court decisions over time, rather than statutes or written laws enacted by a legislative body.

Mirror Image

In contract law, the principle that an offer must be accepted exactly without modifications for a legally binding agreement to be formed.

Registered Letter

A mail service providing the sender with a mailing receipt, and sometimes includes insurance and tracking of delivery.

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