Use the Following to Answer Questions

question 94

Multiple Choice

Use the following to answer questions:
Figure: Bananas
-(Figure: Bananas) Refer to the figure. If the price of bananas is $10 a pound, which number is closest to the number of pounds that suppliers will supply?

• A) 5
• B) 50
• C) 60,000
• D) 80,000

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Definitions:

Compensation Costs

All expenses related to employee salaries, wages, benefits, and rewards, reflecting the total cost to an employer for securing the services of labor.

Hiring Freeze

A hiring freeze is a temporary pause on the recruitment process, usually adopted by organizations to reduce costs.

Variable Pay

Compensation that is dependent on performance or results achieved, as opposed to fixed salaries, incentivizing employees to achieve organizational goals.

Outsourcing Compensation

The practice of hiring external entities to manage compensation and benefits planning, often to optimize costs.