Which Job Evaluation Method Begins by Comparing Benchmark Jobs and Then

question 64

Multiple Choice

Which job evaluation method begins by comparing benchmark jobs and then uses both point factors and ranking?

• A)Job classification
• B)Decision banding
• C)Job elements
• D)Factor comparison
• E)Hay Guide

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Definitions:

Margin Of Error

The ± value added to and subtracted from a point estimate in order to develop an interval estimate of a population parameter.

Confidence

The degree to which one can feel assured or certain about an inference or prediction, often expressed as a percentage.

Null Hypothesis

A default hypothesis that there is no effect or no difference, and it is subjected to a test to determine the likelihood of its accuracy.

P-Value

The probability that the observed results happened by chance if the null hypothesis of a study is true.