Which of the Following Is a Business Transaction

question 149

Multiple Choice

Which of the following is a business transaction?

• A)A company signs a contract for services to be provided during the first quarter of the next fiscal year.
• B)A company pays its employees a year-end bonus.
• C)A company hires a new marketing manager.
• D)A company applies for a mortgage that will be used to purchase a new office building.

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Definitions:

Relevant Labor Market

The geographical area and job sector from which an employer can reasonably recruit employees or the area from which an employer actually recruits.

Benchmark Jobs

Positions that are used as a standard or reference to compare the level of job content, job worth, and pay across different jobs within an organization or industry.

Market Rate

The average or standard cost for goods or services in a specific market, often used as a benchmark for setting prices or wages.

Excellent Benefits

Refers to superior or highly favorable employment benefits, such as health insurance, retirement plans, and paid leave, offered to employees.