You Have Just Been Hired into a Job and You

question 7

Multiple Choice

You have just been hired into a job and you find that you are being paid at the max of the range for the grade.You hope to have a long career with this company and are hoping for a promotion within the year.Your reaction should be:

• A) Glee, because they are showing how much they truly value you.
• B)Anxiety, because you have no room for financial growth in this position.
• C)Happiness, because you are making more than the guy hired after you.
• D) Frustration, because of external equity factors.
• E)Start looking for another job because you are being undervalued.

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Definitions:

Consignment

A process where goods are sent by their owner to an agent for the purpose of sale, storage, or shipment.

FOB Destination

A shipping term indicating that the seller bears all costs and risks until the goods are delivered to the buyer's location.

Weighted Average

A calculation that takes into account the varying degrees of importance of the numbers in a data set, giving weight to some data points more than others.

Gross Profit

The financial metric calculated by subtracting the cost of goods sold from total sales revenue.