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Unformatted text preview: during contract negotiations and why? Which statistic would the company president most likely report at the annual shareholders’ meeting and why? Hello Everyone, I think the company’s labor union would cite the mean salary in contract negotiations in order to broker a higher salary for the unskilled workforce. The company president would most likely use the median salary to report to the shareholder meeting because it shows that the labor costs are lower compared to the amount of product that is being put out. The salary range is tipped in favor of the executives, I knew that this was the case in most companies, but I did not realize that it was such a huge difference. Do you think that this is a normal trend in most companies, for the scales to be that much in favor of the executives?...
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This note was uploaded on 05/16/2011 for the course BUS 250 taught by Professor Barrie during the Spring '10 term at Kaplan University.
- Spring '10