If a Company Has a Federal Contract of More Than

question 72

Multiple Choice

If a company has a federal contract of more than $50,000 and has 50 or more employees, it:

• A) must pay its male and female equally
• B) must have job descriptions for every job
• C) is legally required to maintain a specified number of minority employees
• D) must have and abide by an equal employment policy
• E) must have a mission statement that supports diversity

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Definitions:

CPI

Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care.

Wage Compression

A situation where there is a diminishing difference in pay between employees regardless of their skills, experience, or job responsibilities.

Pay Structure

The organization of different salary levels and scales that reflects the hierarchy of positions, responsibilities, and salaries within a company.

CPI

The Consumer Price Index is a calculation that determines the overall average cost of a selected collection of consumer goods and services, including categories like food, transportation, and healthcare.