Define the Concepts of Internal and External Equity,describing Two Basic

question 16

Essay

Define the concepts of internal and external equity,describing two basic models a company may use,and explain how the objectives of internal and external equity can conflict.

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Definitions:

Philanthropic

Relating to the desire to promote the welfare of others, usually expressed especially by the generous donation of money to good causes.

Event Outcome Forecasts

Predictions about the results or consequences of events in the future.

Time Series Forecasts

Predictive analyses that utilize historical data to project future trends, patterns, or values over time.