Author Question: Phil, the owner of Eastline Electronics, recently learned that the current rate being paid for the ... (Read 143 times)

kshipps · **on:** Jul 7, 2018

Phil, the owner of Eastline Electronics, recently learned that the current rate being paid for the position of engineering assistant at his firm falls significantly below the wage line.

Which of the following steps should Phil most likely take to correct this problem?
A) enact a pay freeze for that job
B) assess a decrease in wages
C) pay a one-time bonus
D) provide a pay raise

Question 2

What are the key reasons why effective negotiation skills are increasingly important in the business world?

What will be an ideal response?

enass · **Reply #1 on:** Jul 7, 2018

Answer to Question 1

Answer: D

Answer to Question 2

They are increasingly important because of the following five key reasons: (1 ) the dynamic nature of business, (2 )
interdependence, (3 ) economic forces, (4 ) information technology, and (5 ) globalization.