Richard's Job Has a Compa-Ratio of 0

question 40

Multiple Choice

Richard's job has a compa-ratio of 0.85.What does this ratio tell about Richard's pay rate?

• A)Richard's pay is highly competitive with the market.
• B)Richard's pay is not competitive with the market.
• C)There is no way to judge the competitiveness of Richard's pay.
• D)You need more information to be able to judge Richard's pay.

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Definitions:

Request For Proposal

A formal document issued by an organization soliciting bids from potential vendors or service providers for a specific project or service.

External Party

An individual or organization that is outside the primary organizations or individuals involved in a particular situation or transaction.

Contract Bid

The process of submitting a proposal to undertake a specific project or job, often within a competitive context.

Strict Guidelines

Rigorous and precise instructions or rules that must be followed carefully.