Athen Tech

question 43

Multiple Choice

Athen Tech.,a software company,changed its pay structure from 3,000 job titles and 12 pay grades to a simpler structure with 1,000 jobs and 5 pay grades.The managers were then asked to choose pay levels that were based on the market.This is an example of

• A)decentralizing.
• B)departmentalizing.
• C)forecasting.
• D)delayering.
• E)benchmarking.

Recognize the motives and outcomes of free trade agreements.

Distinguish between the General Agreement on Tariffs and Trade (GATT) and the World Trade Organization (WTO).

Understand the economic and political arguments for and against the imposition of tariffs and quotas.

Recognize the largest regional trading blocs and their impact on international trade.

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Definitions:

Valid Consideration

Anything of value promised to another when making a contract that is legal and results in the formation of a binding agreement.

Uniform Commercial Code

An extensive collection of statutes that regulate every aspect of business dealings within the United States, aimed at standardizing the legal framework for sales and various commercial activities throughout the states.

Paid-In-Full

A status indicating that a debt or obligation has been completely settled or paid off.

Accord And Satisfaction

A legal agreement between parties to settle a dispute where the debtor agrees to pay a defined amount less than the creditor claims, which once paid, fulfills the obligation.