Groupings of Individual Jobs That Have Approximately the Same Value

question 88

Multiple Choice

Groupings of individual jobs that have approximately the same value to the organization, used when establishing a pay structure, are called _____.

• A) pay scales
• B) pay grades
• C) pay compressions
• D) pay expansions

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Definitions:

Substantial Control

Significant influence or decision-making power over the management and operational policies of an entity, typically through ownership, contractual agreements, or other means.

Employee

An individual who is hired and paid by an employer to perform specific tasks or services.

Lawful Purpose

A requirement for contracts and actions to be valid, indicating that their intentions are not illegal or against public policy.

Restatement of Contracts

A legal publication by the American Law Institute that summarizes the consensus among courts on contract law, serving as a guide to legal decisions but not binding law itself.