Which Methods of Comparison Are Used in a Job Evaluation

question 87

Multiple Choice

Which methods of comparison are used in a job evaluation?

• A) equity and job ranking systems
• B) factor comparison and point systems
• C) point and equity systems
• D) job classification and CPI systems

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Definitions:

Work in Process

Inventory consisting of items that are in the production process but are not yet completed.

Predetermined Overhead Rate

A rate used to allocate overhead costs to products or job orders, calculated before the period begins based on estimated costs.

Manufacturing Overhead

Indirect factory-related costs that are incurred when producing a product, such as utilities, depreciation, and salaries of maintenance personnel.

Work in Process

Inventory that includes partially completed goods that are in the process of being manufactured but are not yet finished products.