Rate Ranges Are a Series of Steps or Levels of Pay

question 6

Multiple Choice

Rate ranges are a series of steps or levels of pay within a pay grade, usually based upon

• A)peer appraisals.
• B)years of education.
• C)years of service.
• D)teamwork.
• E)amount of responsibility.

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Definitions:

Stop Payment Order

A request made to a bank to cancel a check or payment that has not been processed yet.

Subrogation

The legal process by which one party stands in for another to claim restitution or indemnity from a third party for a loss or damage.

Improper Payment

Payments made by organizations that should not have been made or that were made in an incorrect amount.

Preauthorized Electronic Transfer

An automatic transfer of funds from one account to another, agreed upon in advance by the account holder.