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:

Tort Connected

Related to civil wrongs that cause someone else to suffer loss or harm, resulting in legal liability for the person who commits the tortious act.

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing commercial transactions in the United States, aiming to make business laws more consistent across states.

Rights of First Refusal

A contractual right that gives its holder the option to enter a business transaction with the owner of something, before the owner is entitled to enter into that transaction with a third party.

Disaffirm

The legal right of a party to deny or reject the validity of a contract or agreement.