From an Economic Standpoint,identify the Drawback of a Comparable-Worth Policy

question 47

Multiple Choice

From an economic standpoint,identify the drawback of a comparable-worth policy.

• A) A free-market economy assumes people will not take differences in pay into account when they choose a career.
• B) Employees may conclude that pay rates are unfair.
• C) The pay policy line reflects the pay structure in the market, which does not always match rates in the organization.
• D) Grouping jobs will result in rates of pay for individual jobs that do not precisely match the levels specified by the market and the organization's job structure.
• E) Raising pay for some jobs places the employer at a disadvantage relative to employers that pay the market rate.

Understand different levels and types of business friendships and relationships.

Understand the concept and importance of customer relationship marketing in sales.

Identify and explain the various levels of business relationships.

Describe the elements and management of a sales call.

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Definitions:

Managerial Task

Managerial task refers to the specific duties, responsibilities, and activities that managers are required to perform as part of the management process, including planning, organizing, leading, and controlling.

Contingency

A future event or circumstance that is possible but cannot be predicted with certainty.

Operative Goal

A specific, detailed target that an organization aims to achieve, often related to its day-to-day operations.

Social Invention

Innovations that relate to how people organize and interact within societies, including new social practices, structures, and technologies.