A Job Hierarchy in a Compensation Plan Is Primarily Built

question 114

Multiple Choice

A job hierarchy in a compensation plan is primarily built on:

• A) job specifications, descriptions, and ratings.
• B) job classifications by pay grade.
• C) corporate pay policies.
• D) market surveys.

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Definitions:

Frequency Bar Chart

is a graphical representation used to display the frequency of different outcomes in a dataset, with the x-axis representing categories and the y-axis representing frequencies.

Pie Chart

A circular chart divided into sectors, each sector showing the size of some related piece of information.

Minutes

Time measurement units, each equivalent to sixty seconds.

Nominal Questions

Questions that ask for respondent classification into non-ordinal categories, such as gender or nationality.