Question: Which statement best applies to a compa - ratio? Multiple Choice It uses data from market - pay surveys. It is defined as the ratio

Which statement best applies to a compa-ratio?
Multiple Choice
It uses data from market-pay surveys.
It is defined as the ratio of the average pay for the grade divided by the minimum pay for the grade.
It measures the degree to which new skills learned are consistent with the increases in pay.
Which statement best applies to a compa - ratio?

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