A True Cost-Of-Living Raise

question 120

Multiple Choice

A true cost-of-living raise

• A) must be based on the cost of living in the local area where the organization is based.
• B) must be tied to economic indicators such as the CPI.
• C) is the same thing as an automatic increase.
• D) is the same thing as a merit raise.

---

Definitions:

Selling

The process of persuading customers to purchase goods or services from a company.

Administrative Expense

Expenses related to the management and overall operations of a company, which do not directly tie to the manufacturing or selling of products or services.

Office Facilities

Spaces and related services necessary for a business to function, including buildings, equipment, and utilities.

Selling

The process of persuading someone to buy a product or service.