Central Basic Factors That Establish How Several Jobs Compare to One

question 28

Multiple Choice

Central basic factors that establish how several jobs compare to one another and that determine the pay for each job are called ________.

• A)compensable factors
• B)job evaluation factors
• C)ranking factors
• D)analysis factors

---

Definitions:

Expected Value

The weighted average of all possible outcomes of a random variable, considering the probabilities of each outcome.

Stock Market

A public market for buying, selling, and trading stocks, which represent ownership shares in companies.

Probability

The measure of the likelihood that an event will occur.

Expected Value

The predicted average outcome of a probabilistic event, accounting for all possible outcomes and their probabilities.