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Typically, which of the following human resource tools is used to measure pay equity?
Price/Demand Elasticity
A measure of how much the quantity demanded of a good responds to a change in the price of that good, calculated as the percentage change in quantity demanded divided by the percentage change in price.
Standard Suite
A set of benchmark software or tests designed to evaluate the performance of a system or component.
Nonlinear Optimization Model
A type of optimization model where the objective function or any of the constraints are nonlinear functions.
Constant Times
Specific, unchanging durations that are relevant in certain procedural or computational contexts.
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