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Which of the following is a set of possible pay rates defined by a minimum, maximum, and midpoint of pay for employees holding a particular job?A. pay gradeB. pay rangeC. pay differentialD. compa-ratioE. compensation differential

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Answer:

B. pay range

Explanation:

Setting a defined range with a minimum, maximum and a midpoint salary for employees holding a particular position within the company is applying a pay range.

*Note that a pay range defines minimum and maximum boundaries for a specific pay grade.

Therefore, the answer is B. pay range

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