Your company decides to hire a new employee named Philip. Philip makes $40,000 salary for the year. The $40,000 Philip earns is:

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Your company decides to hire a new employee named
Philip. Philip makes $40,000 salary for the year. The
$40,000 Philip earns is:
a measurement of his work's value to the
company.
the same as gold
his total compensation adjusted for inflation.
an example of goods and services.
Transcribed Image Text:Your company decides to hire a new employee named Philip. Philip makes $40,000 salary for the year. The $40,000 Philip earns is: a measurement of his work's value to the company. the same as gold his total compensation adjusted for inflation. an example of goods and services.
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