The Following List Gives Some of the Steps in the Point

question 31

Multiple Choice

The following list gives some of the steps in the point system method of job evaluation.The steps are in sequence from the start of the process,except for one step that is out of sequence.Indicate that step.

• A)determine compensable factors
• B)determine levels of factors
• C)develop the point manual
• D)allocate points to sub factors
• E)allocate points to levels

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows given a specific rate of return.

Interest Rate

The percentage of a sum of money charged for its use, typically by a bank or financial institution on loans or savings.

Market Rate of Interest

The prevailing interest rate available in the marketplace on loans and deposits, determined by the demand and supply of credit.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in evaluating investment opportunities.