The Process of Determining the Relative Worth of Various Jobs

question 180

Multiple Choice

The process of determining the relative worth of various jobs in a firm is called

• A) job evaluation.
• B) wage structure.
• C) job analysis.
• D) job specification.
• E) a benefits plan.

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Definitions:

Working Conditions

The environment, terms, and factors affecting the workplace, including hours, safety, amenities, and physical demands faced by employees.

Geopolitical Position

The strategic importance of a country or region as influenced by geographical factors and its location in relation to other powers.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, typically measured by the rise in Gross Domestic Product (GDP).

Transnational Corporations

Large companies that operate and have assets in more than one country, making them influential global economic entities.