In Exploring Solutions to Job Evaluation Problems,which Is Not One

question 6

Multiple Choice

In exploring solutions to job evaluation problems,which is not one of the main steps?

• A) Check that benchmark jobs are equivalent to market comparator jobs.
• B) Determine if the wrong factors have been included in the job evaluation system.
• C) Adjust the point totals of the outlier jobs to improve the correlation coefficient.
• D) Examine whether jobs have been badly evaluated.

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Definitions:

Usury Law

Legislation that sets the maximum interest rate that can be charged on loans, to prevent lenders from imposing excessively high rates.

Market Rate

The prevailing interest rate available in the market for loans or the rate at which other financial instruments are priced, often influenced by the supply and demand for money.

Shortage

A situation where the demand for a product or service exceeds the available supply.

Loanable Funds

The funds available for borrowing in the financial markets, consisting of savings and monies not yet invested, influencing interest rates and investment through supply and demand.