When Posting a Job Vacancy,it Is Important to Post the Minimum,midpoint,and

question 37

Multiple Choice

When posting a job vacancy,it is important to post the minimum,midpoint,and maximum pay range so candidates know the

• A)market survey rates.
• B)pay policy line.
• C)compa-ratio.
• D)skill-based needed.
• E)pay grade.

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a marketplace.

Average Total Cost

The cost per unit is calculated by dividing the sum of fixed and variable production costs by the total quantity of units produced.

Market Price

The current price at which an asset or service can be bought or sold in a particular marketplace.

Marginal Revenue

The profit gained by selling an extra unit of a product or service.