The Process of Reducing the Number of Job Levels Within

question 69

Multiple Choice

The process of reducing the number of job levels within an organization is called ___________.

• A)benchmarking
• B)delayering
• C)pay grading
• D)range spreading

Differentiate between social networking sites based on their specialty.

Recognize and apply secure website indicators and online transaction safety measures.

Evaluate the credibility and validity of information on websites.

Understand and utilize specialty and meta search engines for advanced searching.

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Definitions:

Hiring Labor

The process of employing people to perform work or services for wages or salary.

Optimum Resource Mix

The combination of inputs that allows a firm to produce output at the lowest possible cost.

Wage Rate

The amount of money paid to an employee per unit of time, often hourly or annually, for their work or services.

MRP of Labor

Marginal Revenue Product of Labor, which measures the change in total revenue that results from employing one additional unit of labor.