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List and Explain the Three Basic Kinds of Compensation Decisions

question 26

Essay

List and explain the three basic kinds of compensation decisions. Give two examples of what is involved in making each kind of compensation decision. What is a job evaluation? Which kinds of compensation decisions are directly related to job evaluation?


Definitions:

Net Exports

Net Exports is the value of a country's total exports minus the value of its total imports, indicating whether a country is a net exporter or importer.

U.S. GDP

Gross Domestic Product of the United States, measuring the total economic output of goods and services.

Investment Spending

The expenditure on new physical capital, such as buildings and machinery, by businesses, and includes construction of new homes by households.

New Structures

Refers to recently constructed buildings or engineering projects.

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