Using the Point Method of Job Evaluation Requires That Managers

question 102

Multiple Choice

Using the point method of job evaluation requires that managers

• A)employ either a standardized program or customize a point method to fit their particular jobs.
• B)compare the job descriptions against the various factor-degree descriptions.
• C)link point totals to the wage curve.
• D)rank jobs by compensable factors.

Analyze the effects of forward contracts and options on financial risk management.

Determine the effective use of hedging in foreign exchange risk management.

Calculate the foreign exchange gain or loss on transactions.

Understand the concept of fair value and cash flow hedges in accounting.

---

Definitions:

Standardization

The process of making products, processes, or services uniform to ensure consistency and quality.

Direct Selling

A marketing strategy where products are sold directly to consumers, bypassing traditional retail channels, usually through personal sales in a non-retail setting.

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, typically encapsulated by the 4Ps: product, price, place, and promotion.

Organizational Buying Behavior

The decision-making process and actions of organizations in acquiring goods and services to achieve their goals.