Which Job Evaluation System Compares the Relative Overall Value of One

question 61

Multiple Choice

Which job evaluation system compares the relative overall value of one job compared to another?

• A) job grade system
• B) factor comparison method
• C) point system
• D) job ranking system

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness of the world's economies.

Free Traders

Individuals or entities advocating for minimal restrictions on international trade, believing it enhances economic efficiency and benefits all countries involved.

Merchandise Trade Imbalance

A situation where the import and export of goods in a country do not balance, resulting in either a trade surplus or deficit.

Overall Trade Imbalance

A situation where the value of a country's imports significantly surpasses or falls short of its exports, reflecting a disparity in trade flow.