Which of the Following Is an Internal Pay Factor

question 20

Multiple Choice

Which of the following is an internal pay factor?

• A) Inflation
• B) Cost of living
• C) Type of industry
• D) Unemployment rates
• E) Current economic state

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Definitions:

Secondarily Liable

A condition wherein an individual or entity is obligated to fulfill a duty or payment if the primarily liable party fails to do so.

Primary Liability

The main or first layer of responsibility for fulfilling a financial or legal obligation.

Secondary Liability

Legal responsibility that arises from aiding, facilitating, or contributing to a wrongful act committed by another party.

Contractual Liability

This is the legal obligation parties have under a contract to fulfill the terms of the agreement.