The Simplest and Oldest System of Job Evaluation Is the _____,Which

question 116

Multiple Choice

The simplest and oldest system of job evaluation is the _____,which arrays jobs on the basis of their relative worth.

• A)job valuation system
• B)point system
• C)job classification system
• D)job ranking system

---

Definitions:

Variable Input

Any resource used in production whose quantity can be changed in the short term to increase or decrease output.

Marginal Revenue Product Curve

A graphical representation showing how the additional revenue generated by employing one more unit of a resource varies with the quantity of the resource employed.

Marginal Revenue Product Curve

A graphical representation showing how the revenue generated from selling an additional unit of output changes as more of the output is produced.

Wage Rate

The amount of compensation paid to an employee by an employer for a unit of time worked, which can be expressed per hour, day, or other time unit.