In Applying the Point Factor Method,benchmark Jobs Are Selected Based

question 23

True/False

In applying the point factor method,benchmark jobs are selected based on their having equitable pay and representing a wide range of the compensable factors.

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Definitions:

Reimburse

To pay back or compensate for money spent or losses incurred.

Cooperate

The act of working together willingly toward a common goal or purpose, especially in a business or legal context.

Compensate

To provide something, typically money, in recognition of loss, suffering, or injury incurred; recompensation.

S Corporation

A form of corporation that meets specific Internal Revenue Code requirements, allowing income to be passed through to shareholders and taxed at individual rates.