Lack of Consistency Among Evaluators

question 13

Multiple Choice

Lack of consistency among evaluators:

• A)increases when employees are unionized
• B)is common when evaluators work in similar jobs to those being evaluated
• C)can be reduced by training
• D)is a greater problem in quantitative job evaluation than conventional job evaluation
• E)has little effect on results

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a marketplace.

Occupational Safety Laws

Regulations designed to ensure safe and healthy working conditions for employees by setting and enforcing standards.

Regulatory Requirements

Rules and regulations that entities must follow, often set by government agencies, to operate legally or to enter specific markets.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs.