Which of the Following Is True of the Classification Method

question 46

Multiple Choice

Which of the following is true of the classification method of job evaluation?

• A) In this method, descriptions of each group of jobs are written and then each job is put into a grade according to the group it best matches.
• B) It is a complex quantitative method that combines the ranking and point factor methods.
• C) It looks at compensable factors in a group of similar jobs and assigns weights, or points, to them.
• D) It is a simple system that places jobs in order, from highest to lowest, by their value to the organization.

---

Definitions:

Revenues

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Equity

The value of an ownership interest in property, including shareholders' equity in a corporation, representing assets minus liabilities.

Net Income

The total profit of a company after all expenses, including taxes, have been deducted from revenue.

Accounting Equation

The fundamental principle of accounting that states assets equal liabilities plus equity, serving as the foundation for double-entry bookkeeping.