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Pay Ranges Are a Series of Steps or Levels of Pay

question 52

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Pay ranges are a series of steps or levels of pay within a pay grade.According to the textbook,what are the ranges usually based on?


Definitions:

GICs

Guaranteed Investment Certificates are financial products in Canada offering an assured interest rate over an agreed-upon term.

Simple Interest

The interest calculated only on the principal amount, without the accumulation of prior interest.

Simple Interest

Interest figured only on the principal balance, or on the portion of the principal balance that is still due.

Closing Balance

The amount of money in an account at the end of a period, after all transactions have been accounted for.

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