Which Step Is Unnecessary When Creating a Factor Comparison System

question 110

Multiple Choice

Which step is unnecessary when creating a factor comparison system?

• A)development of pre-determined salary grades
• B)comparison of compensable factors between evaluated jobs and key jobs
• C)ranking of jobs by a selected committee
• D)assignment of total points to each compensable factor

Differentiate between cost-effectiveness and cost-benefit evaluations in training programs.

Identify the assumptions and limitations associated with cost-effectiveness evaluations.

Grasp how the effectiveness of training programs is influenced by the performance level of untrained employees.

Understand the relationship between benefit-cost ratio and return on investment in evaluating training programs.

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Definitions:

Small Batches

The production strategy involving the manufacture of small quantities of items to reduce costs and increase efficiency in response to specific demands.

Large Batches

Production method where goods are manufactured in significantly large quantities at once, often leading to economies of scale but increased inventory.

JIT Partnerships

Collaborations between suppliers and manufacturers to implement Just-In-Time inventory strategies, minimizing stock levels and reducing waste.

Engineering Changes

Adjustments or modifications made to the design or specifications of a product or system, often to improve functionality or performance.