Unions Focus on Equal Pay for Equal Work

question 58

Multiple Choice

Unions focus on equal pay for equal work. To ensure this, they prefer any difference in pay or promotions to be based on _____.

• A)skill
• B)merit
• C)conduct
• D)seniority
• E)expertise

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Definitions:

Spending Variance

Spending variance is the difference between the actual amount spent and the amount budgeted or expected to be spent.

Budgeting

The process of creating a plan to spend your money, setting forth projected revenues and expenses for a future period.

Planning Budget

A financial plan that estimates the revenue, costs, and resources required over a certain period, often used for guiding business strategy and operations.

Other Expenses

Costs not directly related to production or operations, such as administrative and marketing expenses.