The Process of Determining the Worth of Each Job Relative

question 58

Multiple Choice

The process of determining the worth of each job relative to the other jobs within the organization is known as:

• A) job rating.
• B) pay determination.
• C) comparable worth.
• D) job evaluation.

---

Definitions:

Joint Profits

Profits that are shared among two or more businesses, typically resulting from a partnership or joint venture.

Duopolists

Two firms that dominate a market or industry, competing directly with each other.

Collude

To secretly agree with others, typically competitors, to cooperate for an illegal or deceitful purpose, such as fixing prices.

Cheating

Dishonest behavior or attempting to gain an unfair advantage in a competitive situation.