Which of the Following Job Pricing Methods Focuses on Paying

question 16

Multiple Choice

Which of the following job pricing methods focuses on paying employees based on skill depth, breadth, and self-management?

• A) wage and salary surveys
• B) point system
• C) job ranking
• D) job grading
• E) knowledge-based pay

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Definitions:

Present Value

Present value is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Excavation

The process of removing soil, rock, or other materials from a site to form an open hole or cavity.

Purchase Discount

A reduction in price granted by a supplier to a buyer for early payment of an invoice.