The Placement of an Employee in Another Job for Which

question 70

Multiple Choice

The placement of an employee in another job for which the duties,responsibilities,status,and remuneration are approximately equal to those of the previous job is known as:

• A)a promotion.
• B)a transfer.
• C)relocation.
• D)job rotation.

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Definitions:

Price Ceiling

A legally established maximum price that can be charged for a good or service, usually set below the equilibrium price to make goods more affordable.

Excess Demand

A situation where the quantity demanded of a good exceeds the quantity supplied at a given price, often leading to upward pressure on prices.

Equilibrium Quantity

The quantity of goods or services at which demand equals supply, leading to a stable market condition.

Minimum Wage

The lowest legal wage that can be paid to most workers.