Which of the Following Is NOT True of the Usage

question 14

Multiple Choice

Which of the following is NOT true of the usage of multiple plans versus single job evaluation plans?

• A)Employers rarely evaluate all jobs in the organization at one time.
• B)Many employers design different evaluation plans for different types of work.
• C)Typically, a related group of jobs is used for evaluation.
• D)A single universal plan is acceptable to employees if the work covered is highly diverse.

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Definitions:

Marginal Cost

The increase in total production costs resulting from the production of one additional unit of a product or service.

Average Total Cost

The total cost of production divided by the quantity of output produced, representing the average cost per unit of output.

Profit

The financial gain achieved when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Marginal Cost

The escalation in cumulative price involved in fabricating one extra unit of a product or service.