Kristine Is Conducting a Job Evaluation

question 100

Multiple Choice

Kristine is conducting a job evaluation.She has identified benchmark jobs,analyzed and rank-ordered them.Next,she will compare all other jobs in the organization to the benchmark jobs to determine where each one fits in the rankings.Kristine is using the ______ method of job evaluation.

• A) job ranking
• B) point-factor
• C) factor comparison
• D) job hierarchy

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Definitions:

Constant Prices

Prices that have been adjusted for inflation, allowing for the comparison of economic data over time without the effects of price level changes.

Durable Goods

Durable goods are items with a long useful life, typically three years or more, such as appliances and vehicles, which consumers purchase with the expectation that they will not need to be replaced frequently.

Capital Equipment

Long-term assets such as machinery, vehicles, or infrastructure that a business uses in its operations to produce goods or services.

Depreciation

Depreciation is the process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in the asset's value over time.