Prospector Type Organizations

question 18

Multiple Choice

Prospector type organizations:

• A) Look to break new ground
• B) Prefer high-risk strategies
• C) Are externally rather than internally focused
• D) All of the above

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Definitions:

Market Rate

The prevailing price range for goods or services in a specific market at a given time.

Affordable Care Act

A comprehensive health care reform law enacted in March 2010 (also known as Obamacare), aimed at expanding health insurance coverage for the uninsured and improving healthcare delivery.

Factor-Comparison Method

A systematic approach used in job evaluation to rank jobs by comparing them against a set series of factors.

Compensation Functions

Refers to the various responsibilities and activities involved in managing an organization's employee compensation, including salary administration, bonuses, and benefits.