Compensating Differentials for Employees Can Be Seen as One Measure

question 14

Multiple Choice

Compensating differentials for employees can be seen as one measure of adjusting for:

• A)high rates of inflation.
• B)problems of ethical conflict.
• C)surplus labor in the unorganized sector.
• D)corporate tax evasion.

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Definitions:

Partnership

A business entity legally established by two or more partners who equally share in managing the business and its profits.

Legal Idiom

A set phrase or expression that has acquired a specialized meaning in the legal profession, often different from its literal meaning.

Possession

The state or fact of owning or holding something, legally or physically.

Recessionary Period

A time of economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.