Which of the Following Is Correct

question 27

Multiple Choice

Which of the following is correct?

• A) MRP = MC x MR.
• B) MRP = MP x MR.
• C) MP = MRP x MR.
• D) MRP/ MC = TR.

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Definitions:

External Equity

A principle in compensation management that ensures an organization's pay rates are competitive with those in the external labor market.

Hay Profile Method

A job evaluation technique that assesses roles based on knowledge, problem solving, accountability, and working conditions to determine pay scales.

Clerical Employees

Workers who perform administrative and office duties, such as answering phones, typing, filing, and record keeping.

Pay Equity

The principle that individuals should receive equal pay for work of equal value, addressing disparities caused by systemic discrimination in the workplace.