Which of the Following Is True of the Point Factor

question 90

Multiple Choice

Which of the following is true of the point factor method of job evaluation?

• A) In this method, descriptions of each class of jobs are written and then each job is put into a grade according to the class it best matches.
• B) It is a complex quantitative method that combines the ranking and classification methods.
• C) It looks at compensable factors in a group of similar jobs and assigns weights to them.
• D) It is a simple system that places jobs in order, from highest to lowest, by their value to the organization.

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Definitions:

Crowding-Out Effect

A situation where increased government spending leads to reduced investment by the private sector due to higher interest rates or other mechanisms.

Multiplier

The multiplier, in macroeconomics, quantifies how initial changes in spending lead to larger changes in income and output through various rounds of spending.

Discretionary Fiscal Policy

Government policies involving changes in taxation and spending levels, aimed at influencing economic conditions, including managing inflation, unemployment, and fostering economic growth.

Balance Budget

A financial statement in which revenues and expenditures are equal, resulting in no deficit or surplus.