A Broad Band

question 31

Multiple Choice

A broad band:

• A)reduces the number of job levels within an organization.
• B)refers to the distance between the minimum and maximum pay rate in a pay grade.
• C)is an index of the correspondence between actual and intended pay.
• D)increases opportunity for promotions.
• E)reduces flexibility in job assignments.

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Definitions:

Book Value

The net value of a company's assets minus its liabilities, as recorded on the balance sheet.

Return on Total Assets

A financial ratio that measures a company's profitability relative to its total assets.

Total Assets

The sum of all assets owned by a company, reflecting its overall resources, including both current and non-current assets.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.