What is wage compression and how does it occur?
What will be an ideal response?
You hire someone, they stay and don’t get pay increases. Meanwhile inflation rages and you have to hire new people at market rates. The veterans then get paid about the same or lower than the new people who come into the company. This is not an intentional result for the company.
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What is a requirement under the Immigration Reform and Control Act of 1986?
A. Employers must verify and maintain records on the legal rights of applicants to work in the United States. B. Employers must verify the legal age of employees who do not hold American citizenship. C. Employers must ask a potential employee's religion. D. Employers must pay lower wages to immigrant workers. E. Employers must file a completed Form I-9 with the Immigration and Naturalization Service and retain the documents for at least ten years.
Sarah, a customer of a bank, transfers $10,000 from her checking account to her money-market deposit account. Which of the following changes will be reflected in Sarah's bank's balance sheet?
A. Reserves decrease by $10,000. B. Transactions deposits increase by $10,000. C. Nontransactions deposits decrease by $10,000. D. Borrowings increase by $10,000.
The effective cost to the borrower of an unsecured bank loan is increased if a compensating balance
is required. Indicate whether the statement is true or false
Ira is a homeowner covered by an HO-3 policy. He lives with his wife and three children, ages 14, 16, and 19. Who in the household is not covered for personal liability by the HO policy?
A) Both the 16 and 19-year old children B) Any of the children C) The 19-year-old child D) All of the persons listed are covered.