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Exceptional Enterprises launched a program to evaluate the relative levels of skills, education, and training needed to perform various jobs. Based on the results of this evaluation, the firm intends to adjust pay scales so that jobs requiring similar levels of skills, abilities, and education will receive similar pay. Exceptional Enterprises' program is an attempt to deal with the issue of:
Checklist
A list of items or tasks that need to be checked or completed, used as a reminder or for verification purposes.
Petty Cash Fund
A small amount of cash on hand used for covering minor expenses in a business, such as office supplies or postage.
Perpetual Inventory Method
An inventory management method where stock levels are updated in real-time with each sale or purchase transaction.
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