Employers Wishing to Encourage Employees to Accept a Promotion to a Job

question 41

Multiple Choice

Employers wishing to encourage employees to accept a promotion to a job in a higher grade would

• A)increase the size of successive rate ranges.
• B)increase the point spread of pay grades.
• C)decrease the size of successive rate ranges.
• D)decrease the point spread of pay grades.

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Definitions:

Assembly Line Worker

An individual employed in a manufacturing process where a product is assembled in a sequential manner using a conveyance or other mechanism to move items from workstation to workstation.

CPI

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.

Real Wages

Income from work, recalibrated to account for the cost of living changes, indicating the real value of earnings.

Economic Rent

Income earned from the use of a resource, above that which is economically or socially necessary, often associated with limited supply or monopoly conditions.