Which of the Following Is Defined as the Collection and Interpretation

question 53

Multiple Choice

Which of the following is defined as the collection and interpretation of information about forces, events, and relationships that may affect the organization?

• A)market sampling
• B)an internal audit
• C)opportunity analysis
• D)environmental scanning

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Definitions:

Pay Surveys

Are surveys of compensation paid to employees by other employers in a particular geographic area, industry, or occupational group.

Internal Equity

The fairness with which an organization's compensation policies and practices distribute resources among its employees.

Source of Information

The origin from which data or knowledge is obtained.

Pay Compression

A situation where there is only a small difference in pay between employees regardless of their experience, skills, or seniority, often leading to dissatisfaction and motivational issues.