Collapsing Salary Grades and Ranges into Just a Few Wide

question 72

Multiple Choice

Collapsing salary grades and ranges into just a few wide levels or "bands"is called

• A)broadbanding.
• B)job specialization.
• C)wide banding.
• D)compensation banding.
• E)red circle banding.

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Definitions:

Consumption

The purchase and use of goods and services by households, considered a primary component of economic activity and an indicator of the economic health of a nation.

Saving

The act of not consuming all of one's income and instead holding onto it for future investments or expenditure needs.

Disposable Income

The amount of money available to households after paying income taxes, which can be spent on necessities, savings, or leisure activities.

Consumption

The use of goods and services by households or individuals.