What Best Defines Pay Equity

question 131

Multiple Choice

What best defines pay equity?

• A)equal pay for equal work
• B)pay and benefit equity
• C)equal pay for work of equal value
• D)fair total compensation

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Definitions:

Voucher Register

A record of vouchers that have been prepared, authorized, and paid; it serves as a chronological record of business transactions.

Petty Cash

A small amount of cash kept on hand in a business for making everyday, minor expenditures.

Cash Reserve

Funds that a company sets aside to meet short-term and emergency funding needs.

Right of Return

A policy allowing customers to return purchased goods within a certain period, usually with conditions attached.