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| Wage & Salary Administration |
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| The development and implementation of a system that provides compensation for workers performing their duties as employees |
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| Wages |
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| Employee compensation based on the time provided for or the units of output produced by an employee |
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| Warehousing |
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| The storage of products |
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| Warranty |
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| A promise to repair, replace a product or to refund its purchase price if proves to be unsatisfactory |
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| White-Collar Jobs |
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| A term used to describe clerical, office and managerial positions |
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| Whole of Life Insurance |
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| Insurance which provides protection for the individual’s beneficiaries which is payable only on the death of the policy holder |
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| Wholesaler |
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| A business organisation that takes title to the goods from a manufacturer or another wholesaler acting as an intermediary in the chain of supply to the end user |
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| Word Processing |
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| The concept of text manipulation on a computer screen driven by sophisticated software packages eg Word |
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| Workers’ Compensation Insurance |
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| Insurance provided by employers for employees under government law, which guarantees wages and salaries, medical care costs and rehabilitation services to employees injured while at work |
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| Working Capital |
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| The difference between current assets and current liabilities |
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