Point Plans Represent a Significant Change from Ranking and Classification

question 48

Multiple Choice

Point plans represent a significant change from ranking and classification methods in that:

• A)they assign the task of evaluation to a single employee
• B)they do not involve conducting job analysis
• C)they make explicit the criteria for evaluating jobs
• D)they cannot be applied to non-benchmark jobs
• E)they list jobs from highest to lowest based on a global definition of value

Recognize the relationship between short-run and long-run average total costs.

Evaluate the impact of capital addition on worker productivity and variable costs.

Understand the reliability, validity, and criticisms of DSM-5.

Recognize changes and new inclusions in DSM-5 compared to earlier versions.

---

Definitions:

Mean-Variance Efficient Portfolio

A portfolio constructed to have the highest possible expected return for a given level of risk.

Covariances

A measure of how two variables move in relation to each other, indicating the degree to which they vary together.

Evolution of Beta

Refers to how the beta value of a security, indicating its volatility relative to the market, changes over time.

Forecast

A prediction or estimate of future events or trends, especially related to economic or weather conditions.