Epic Electronics Recently Launched a Program to Evaluate the Relative

question 44

Multiple Choice

Epic Electronics recently launched a program to evaluate the relative levels of skills, education, and training needed to perform various jobs. Based on the results of this evaluation, Epic intends to adjust pay scales so that jobs requiring similar levels of skills, abilities, and education will receive similar pay. Epic Electronics's program is an attempt to deal with the issue of

• A) comparable worth.
• B) affirmative action.
• C) reverse discrimination.
• D) equal employment opportunities.

Identify career management responsibilities of organizations and employees.

Explain the role of goal setting and action plans in career development.

Understand the organization's role in the goal-setting stage of career management.

Distinguish different methods used by managers and peers to develop employees.

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Definitions:

Direct Labor-Hours

The total hours worked by employees that can be directly attributed to the production of a specific good or service.

Manufacturing Overhead

Indirect costs related to manufacturing, not including direct materials or direct labor.

Overapplied Balance

The condition where the allocated manufacturing overhead costs exceed the actual overhead costs incurred.

Manufacturing Overhead Account

An account that tracks indirect production costs, such as utilities and rent for manufacturing facilities.