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A Survey Conducted in January,2007 Found the Median Pay Effective

question 75

Multiple Choice

A survey conducted in January,2007 found the median pay effective January 1,2007,for a clerk was $20,000 and the forecast rate of wage increases in the market for 2007 was 5% and another 5% for 2008.An employer choosing to follow a lead/lag policy for the 2008 plan year will need to _____.


Definitions:

Majority Rule

A decision-making rule in which the option that receives more than half of the votes is chosen.

Assignee

An individual or entity to whom rights or interests have been transferred by another, known as the assignor.

Assignment

The process of moving rights, ownership, or duties from one entity to another.

Speelman V. Pascal

A landmark legal case that dealt with copyright infringement and the assignment of copyrights, setting precedents in intellectual property law.

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