To Help Achieve Internal Equity, Factors Such as Skills, Effort

question 67

Multiple Choice

To help achieve internal equity, factors such as skills, effort, responsibilities, and working conditions may be used to assess jobs. Which of the following terms refers to these factors?

• A) job specifications
• B) job classification factors
• C) compensable factors
• D) factor comparisons

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Definitions:

Term

A fixed or limited period for which something, such as an investment, insurance policy, or lease, lasts or is intended to last.

Direct Write-Off Method

An accounting method where uncollectible accounts receivable are directly written off against income at the time they are determined to be uncollectible.

Allowance Method

An accounting technique used to estimate bad debts (uncollectible accounts receivable) and represent them in financial statements.

Industry Average

A benchmark or standard calculated by taking the average of a specific metric across multiple companies within the same industry, useful for comparative analysis.