Which of the Following Is the Most Widely Used Method

question 92

Multiple Choice

Which of the following is the most widely used method in job evaluation that yields scores for each compensable factor?

• A)Range spread approach
• B)Point-factor system
• C)Market survey system
• D)Pay policy line
• E)Pay grade approach

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Definitions:

Process Innovation

The introduction of a new or significantly improved production or delivery method to reduce costs, improve quality, or produce a good or service more efficiently.

Economies of Scale

Refers to the cost advantage that arises with increased output of a product, where the average cost per unit falls as scale of production increases.

Lower-Cost Method

A cost-minimization strategy that involves choosing the most economical options in order to reduce expenses and improve efficiency.

Process Innovation

The implementation of a new or significantly improved production or delivery method.