Occupational Parity Is

question 29

Multiple Choice

Occupational parity is:

• A)a method to determine whether discrimination against groups protected by the law has occurred.
• B)a proposed remedy to the historic pay differential between men and women.
• C)a method used to ensure that all jobs are fairly priced in relation to each other.
• D)an amendment of the Fair Labor Standards Act.

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Definitions:

Unit Cost

The expense associated with creating, storing, or purchasing a single unit of a product or service.

Retail Prices

The price at which goods and services are sold to the final consumer for personal use.

Mark-ups

Additional charges applied to the cost of products to accommodate for overhead costs and profit margins.

Cost

The cost is the value exchanged, often monetary, to acquire goods or services, encompassing expenses such as purchase price, production, and overheads.