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_____ for Manufacturing and Service Employees Is Based Upon an Assessment

question 29

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_____ for manufacturing and service employees is based upon an assessment of the difficulty of jobs performed,amount of training needed,amount of skill required,and the value of these jobs to the company.


Definitions:

Normal Good

A type of good for which demand increases as the income of the consumer increases and decreases as the income of the consumer decreases, all else being constant.

Income

Money received, especially on a regular basis, for work or through investments, constituting the financial gain derived from labor, capital, or other sources.

Hamburgers

In an economic context, refers to a commonly cited example of a product in studies of competition, pricing, and consumer choice.

Supply Curve

An illustrated chart that displays the link between the cost of a commodity and the volume of the commodity that producers are ready to sell.

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