Hierarchical Pay Structures Have All but Which of the Following

question 24

Multiple Choice

Hierarchical pay structures have all but which of the following characteristics?

• A) Supports a close fit with the organization
• B) Supports cooperation
• C) Many levels
• D) Is based upon the job or person

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Definitions:

Duration

Measures the sensitivity of a bond's price to changes in interest rates, calculated as a weighted average of the times until the bond's cash flows are received.

Yield To Maturity

The total return anticipated on a bond if the bond is held until its maturity date, including all interest payments and the repayment of principal.

Coupon Rate

The interest rate that a bond issuer will pay to a bondholder, typically expressed as an annual percentage of the bond's face value.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to a change in interest rates, usually expressed in years.