A Quantitative Job Evaluation Procedure That Determines a Job's Relative

question 44

Multiple Choice

A quantitative job evaluation procedure that determines a job's relative value on the basis of quantitative assessments of specific job elements is known as

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

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Definitions:

Cost

The amount of money, time, or resources required to produce or acquire goods or services.

Units

Basic quantities or measurements, often in the context of goods produced, sold, or consumed.

Marginal Product

The increase in output that results from a one-unit increase in the input, holding all other inputs constant.

Fertilizer

A substance added to soil to enhance its fertility by supplying essential nutrients to plants.