A Job Evaluation System Where Jobs in an Organization Are

question 49

Multiple Choice

A job evaluation system where jobs in an organization are placed subjectively on a scale in accordance to their importance in comparison with other jobs is called:

• A)job grading
• B)job progression ladder scaling
• C)job ranking
• D)job factoring
• E)job description comparison technique

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Definitions:

Inventory

The term for goods and materials that a business holds for the ultimate goal of resale.

Trading Securities

Investments in debt or equity securities that are purchased with the intention of selling them in the short term to profit from price fluctuations.

Unrealized Loss

A loss that results from holding on to an asset that has decreased in price, but has not yet been sold or officially recorded in the financial statements.

Fair Value

The estimated market price of an asset or liability, considering factors like utility, demand, and supply conditions, to ensure an accurate valuation.