______ occurs when new employees require higher starting pay than the historical norm, causing narrowing of the pay gap between experienced and new employees.

A. Wage compression
B. Rate range
C. Competency-based pay
D. Pay secrecy


A. Wage compression

Business

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A survey of business students who had taken the Graduate Management Admission Test (GMAT) indicated that students who have spent at least five hours studying GMAT review guides have a probability of 0.85 of scoring above 400. Students who do not review have a probability of 0.65 of scoring above 400. It has been determined that 70% of the business students review for the test. a.Find the probability of scoring above 400.b.Find the probability that a student who scored above 400 reviewed for the test.

What will be an ideal response?

Business

Advertising specialties include displays and demonstrations that take place at the point of sale

Indicate whether the statement is true or false

Business

Which of the following is NOT a characteristic of those with an internal locus of control?

A) Engage in actions to improve their environment B) Ask more questions C) Remember more information D) Believe that what happens is caused by others

Business

Which of the following models can be used when demand exhibits different types of changing trend patterns?

A. simple exponential smoothing B. second-order or double smoothing C. third-order or triple smoothing D. linear trend multiplicative method

Business