When Doing a Job Evaluation You Conclude That Salaries Should

question 60

Multiple Choice

When doing a job evaluation you conclude that salaries should be based,in part,on educational requirements of the jobs.Jobs requiring more education should have higher salaries.In this case education is a

• A)evaluation factor.
• B)point factor.
• C)comparable worth factor.
• D)compensable factor.

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Definitions:

Resources Are Limited

A principle stating that the availability of physical, natural, and human resources is finite, necessitating choices and trade-offs.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits one could have received by taking a different decision.

Attending College

The act of enrolling in and going to a college or university to pursue higher education.

Short-Run Effects

Immediate or temporary outcomes of a policy or economic change that manifest before long-term adjustments can take place.