An HR Manager Conducting an HR Audit on Compensation Would

question 89

Multiple Choice

An HR manager conducting an HR audit on compensation would most likely search for ________.

• A)current job descriptions
• B)workforce health and safety training
• C)completed benefit enrollment forms
• D)compliance with state and federal laws

---

Definitions:

Marginal Cost

The price tag attached to producing one more unit of a product or service.

Monopolist

An individual or entity that holds exclusive control over the supply of a particular product or service, thus determining the price and market conditions.

Profit-Maximizing

A strategy or behavior aimed at increasing a firm's profits to the highest possible level given its production and cost constraints.

Pure Monopolist

A market scenario where a single seller completely dominates the market, facing no competition and controlling the price of the goods or services offered.