Which of the Following Is a Relatively New Job Evaluation

question 21

Multiple Choice

Which of the following is a relatively new job evaluation system?

• A) job classification system
• B) job ranking
• C) the point system
• D) work evaluation

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Definitions:

Lockbox Systems

A service offered by banks to companies for the receipt of payment from customers, involving the use of specially designed lockboxes to speed up collections.

Lockbox Plan

A banking service that speeds up collection and processing of company receipts by having those payments mailed directly to a location accessible by the bank.

Collection Of Cheques

Collection of Cheques refers to the process banks undertake to collect the amount specified on a cheque from the bank upon which the cheque is drawn.

Collections Float

The time gap between when a check is deposited into a bank account and the funds are available for use.