Which of the Following Is the Most Likely Outcome of Collapsing

question 50

Multiple Choice

Which of the following is the most likely outcome of collapsing many salary grades into a few wide salary bands through broadbanding?

• A) reduction of pay levels
• B) encouragement of lateral skill building
• C) reduction of the number of employees needed
• D) the collapse of broadbands

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Definitions:

Maturity Date

The specified date on which the final payment of a loan or financial instrument must be paid, at which point the principal (and all remaining interest) is due to be paid.

Leap Years

Years with 366 days, occurring every four years, to keep the calendar year synchronized with the astronomical year.

Surety Financing Company

A surety financing company provides financial guarantees for obligations made by the principal, ensuring contract completion in the event of default.

Discounted

A reduction applied to the regular price of products or services, often used as an incentive for customers.