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.

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Definitions:

Incremental Costs

Costs that change as a result of a new decision or alternative action, also known as marginal costs.

Incremental Costs

Incremental costs are the additional costs incurred when a business increases its level of operations or production.

Make or Buy

A decision-making process used by companies to determine whether to produce goods in-house or purchase them from an external supplier.

Incremental Costs

Costs that change depending on the level of production or an alternative course of action.