Kayla,an HR Manager,is in the Process of Creating a Market-Competitive

question 86

Multiple Choice

Kayla,an HR manager,is in the process of creating a market-competitive pay plan.For an accounting job at the firm,she has assigned the following weights: 70% for job complexity,25% for effort,and 5% for working conditions.Assuming that Kayla is working with a total number of 1,000 points,what is the maximum number of points for job complexity?

• A)7,000 points
• B)700 points
• C)70 points
• D)7 points

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and losses.

Variable Costing Approach

An accounting method that considers only variable costs as product costs and all fixed costs as period costs, affecting inventory valuation and profitability.

Absorption Cost Approach

A costing method that includes all manufacturing costs — direct materials, direct labor, and both variable and fixed manufacturing overhead — in the cost of a product.

Fixed Costs

Expenses that do not change with the level of production or sales activities, such as rent, salaries, and insurance.