The Point System for Job Evaluation Is the Most Widely

question 26

Multiple Choice

The point system for job evaluation is the most widely used system in Canada due to:

• A)ease of communicating the job evaluation process to employees
• B)the fact that it is the easiest to develop
• C)it being a far more simple system than either job ranking or job grading
• D)the need to conform to pay equity legislation and the provision,relatively,of the best information about job values
• E)the fact that generic computerized plans can be purchased

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Definitions:

Accounts Receivable

Money owed to a business by its customers for products or services that have been delivered but not yet paid for.

Allowance for Doubtful Accounts Method

The allowance for doubtful accounts method involves estimating and deducting the amount of receivables that may not be collected from the accounts receivable balance.

Accounts Receivable

Pending payments to a company from its customers for merchandise or services that have already been given.

Allowance Method

An accounting technique used to estimate and account for bad debts expense, building an allowance for doubtful accounts.