Answer to Question 1
These factors include the volume of the operation's revenue and its payroll standards along with local and regional pay levels and the amount competitors pay. Other factors include the knowledge and skills required of employees, collective bargaining agreements, if applicable, and other factors including benefits.
Managers must ensure that pay ranges are fair for to the employer and employees. Pay ranges are frequently reviewed annually and adjusted as necessary to stay current with competitors and to retain satisfied employees.
Answer to Question 2
A. During the Middle Ages the Monks were the preservers of civilization for all things threatened. Prior to the French Revolution in 1789, the Catholic Church was one of France's largest vineyard owners, wielding considerable influences in regions such as Champagne and Burgundy.
B. Due to the church's vast land holdings throughout France, the Christian monks contributed many advances in viticulture and enology. Their dedicated study and observations led them to the identification and classification of quality vineyards, some of the most prestigious ones are still in existence today. The monks also determined ideal site selection for noble grape varieties and discovered new and alternative methods of wine production.
C. France is one of the oldest wine-producing countries in Europe, with its origins dating back to the sixth century B.C. Therefore, for centuries, French wine has been considered the benchmark for quality wine and the French are one of the largest producers and consumers of wine throughout the world.
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Describe the Conceptual Forecasting Framework in your own words.