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True - To determine wage rates and/or pay grades, organizations with formal systems are more likely to rely on this internally-focused process.

An agency or corporation (Commonwealth English; see spelling variations), is an entity—which include a company, an institution, or an association—comprising one or more human beings and having a particular reason. The word is derived from the Greek word organon, because of this device or tool, musical device, and organ. There are a spread of felony sorts of businesses, which include organizations, governments, non-governmental businesses, political groups, worldwide businesses, militia, charities, no longer-for-income agencies, partnerships, cooperatives, and educational establishments, etc. A hybrid enterprise is a body that operates in each the general public quarter and the private sector simultaneously, pleasurable public obligations and developing business market activities.

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