What Are Three of the Main "Third-Party" Sources of Compensation

question 40

Multiple Choice

What are three of the main "third-party" sources of compensation data?

• A) Statistics Canada,trade journals,and government agencies
• B) private agencies,trade journals,and government agencies
• C) government agencies,industry groups,and consulting firms
• D) consulting firms,boards of trade,and publishers

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Definitions:

General Supply

Refers to the overall provision or stock of resources, goods, or equipment that is available for use.

Managed by Shareholders

An organizational structure in which the owners (shareholders) of a firm take an active role in the management decisions.

Legal Entity

An organization or business that has legal rights and obligations, including the ability to enter into contracts and sue or be sued.

Sued and to Sue

Refers to the legal capacity of an individual or entity to bring a lawsuit or to be subject to a lawsuit in a court of law.