Vance and Jared Were Both Recently Hired to Be Program

question 58

Multiple Choice

Vance and Jared were both recently hired to be program directors at an urban university. Vance attended a large, historic university while Jared attended a branch campus of a regional university. Jared is paid 15% more than Vance. The best explanation for this is ________.

• A) Jared is a better negotiator
• B) Vance did not do well in school
• C) Jared's position is worth more to the university
• D) Vance's position is not important to the university
• E) the institution is not competitive within the industry

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Definitions:

Collateral

An asset pledged by a borrower to secure a loan, which can be seized by the lender if the loan is defaulted on.

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan.

Attachment

A legal process in which a court designates property of the defendant to be seized or secured to satisfy a potential judgment.

Enforceable

A description of a legal agreement or contract that can be upheld or compelled by law.