Suppose a Management Team Assigns 100 Points to the Job

question 28

Multiple Choice

Suppose a management team assigns 100 points to the job of clerk/typist and 75 points to a job on the loading dock.If the wage paid to a clerk/typist is $8.00 per hour,then the hourly wage paid to a worker on the loading dock would be:

• A)$2
• B)$6
• C)$8
• D)$10

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Definitions:

Forward Exchange Rate

The agreed upon exchange rate for a currency pair to be traded at a future date, used in hedging and speculation.

Spot Exchange Rate

The current price for which one currency can be exchanged for another.

Foreign Exchange Market

A global marketplace for exchanging national currencies against one another.

Canadian Dollars

In Canada, the national currency is indicated by CAD or C$.