What Is Required of Managers Who Wish to Use the Point

question 26

Multiple Choice

What is required of managers who wish to use the point system of job evaluation?

• A)they must rank jobs by job classification
• B)they must select key job categories for comparison purposes
• C)they must link point totals of job types to the wage curve
• D)they must evaluate jobs based on compensable factors

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Definitions:

Rate of Return

The profit or deficit incurred on an investment during a designated time, shown as a fraction of the initial investment amount.

Net Income

The profit of a company after all expenses and taxes have been deducted from revenue.

Accounting Break-even

The point at which total revenues exactly equal total explicit costs, leading to neither a profit nor a loss.