You Determined That $65,000

question 43

Multiple Choice

You determined that $65,000.00 in salary represents the 85th percentile of total compensation paid by employers for the heavy-duty mechanic job in British Columbia. Which of the following statements is accurate, given the aforementioned statement?

• A) 15% of employers compensate above $65,000.00.
• B) $65,000.00 represents the median.
• C) 15% of employers compensate below $65,000.00.
• D) 85% of employers compensate above $55,250.00.

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Definitions:

Risk Premium

The extra return demanded by investors for holding a riskier asset compared to a risk-free investment.

Compensation

Payment or rewards given to employees or workers for their services, which can include wages, salaries, benefits, and bonuses.

Money Managers

Professionals who make investment decisions and manage the portfolio of securities for their clients.

Alpha

A measure of the active return on an investment, indicating how much a portfolio has outperformed or underperformed its benchmark index.