The Average Compensation-Including Wages,salaries,and Bonuses-Of Jobs in an Organization Is

question 35

Multiple Choice

The average compensation-including wages,salaries,and bonuses-of jobs in an organization is called the

• A)range spread.
• B)compa-ratio.
• C)pay level.
• D)job structure.
• E)pay grade.

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Definitions:

OPEC Policies

OPEC policies are strategies and guidelines adopted by the Organization of Petroleum Exporting Countries to regulate the oil supply in the global market to stabilize oil prices.

Cyclical Unemployment

Unemployment attributed to the natural fluctuations in the economy tied to the business cycle, with higher unemployment during recessions and lower during expansions.

Overall Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment within the total economy.

Unemployment

A condition where individuals who are capable of working and are actively seeking work are unable to find employment.