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The Following Diagram Shows Two Budget Lines: a and B

question 143

Multiple Choice

The following diagram shows two budget lines: A and B. The following diagram shows two budget lines: A and B.   Which of the following could explain the change in the budget line from A to B? A) A decrease in the price of x. B) An increase in the price of y. C) A decrease in the price of y. D) More than one of the above could explain this change.
Which of the following could explain the change in the budget line from A to B?


Definitions:

Reclassify

The process of changing the classification or status of an employee or job within an organization, often due to changes in job duties or organizational structure.

Point Method

A systematic approach in job evaluation that assigns point values to job factors to determine the relative worth of different jobs within an organization.

Internal Equity

The principle of ensuring all employees are paid fairly and equitably within the same organization, based on the value of the work they perform.

Pay Policy Line

A guideline used by organizations to determine the appropriate level of compensation for employees based on their position and job characteristics.

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