Pay Adjustments Based on What Are Often Set as Automatic

question 13

Multiple Choice

Pay adjustments based on what are often set as automatic steps once a person has been employed the required length of time are referred to as __________.

• A) Age adjustments
• B) Seniority
• C) Tasks
• D) Productivity

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Definitions:

Warrants

Call options issued by a company allowing the holder to buy a stated number of shares of stock from a company at a specified price. Warrants are generally distributed with debt, or preferred stock, to induce investors to buy those securities at a lower cost.

Option

A contract that gives its holder the right to buy or sell an asset at some predetermined price within a specified period of time.

Sweetener

A feature that makes a security more attractive to some investors, thereby inducing them to accept a lower current yield. Convertible features and warrants are examples of sweeteners.

Bankers' Acceptance

A short-term debt instrument issued by a company that is guaranteed by a commercial bank, commonly used in international trade.