The new management at LennoCorp felt that the company had too many salary grades, making the compensation system overly complex and encouraging an obsession with pay grade rather than skill development. They are collapsing the salary grades into a few wide salary bands in a process known as
A. red circling.
B. broadbanding.
C. pay ranging.
D. factor comparison.
Answer: B
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An IT specialist is least likely to be necessary when:
A. the entity participates heavily in electronic commerce. B. data are shared extensively among systems. C. significant audit evidence is in electronic form. D. the system has not changed from the prior year.
_____ are the main reasons behind the slow adoption of new forms of electronic payments.
A. Flexible payment options B. Cashless payments C. Security concerns D. Immediate deductions
Which of the following was NOT discussed as an advantage of using secondary data?
A) may be obtained quickly B) may be obtained in all forms desired by the researcher C) is relatively inexpensive D) is usually available E) sometimes enhances primary data
______ are cultural obstacles that impede progress and make it difficult for the organization to adapt to different situations.
What will be an ideal response?