Examlex
Which economist won the Nobel Prize for using experiments to test the model of supply and demand?
Factor-Comparison Method
A systematic approach in job evaluation, where jobs are compared based on key factors to establish relative worth.
Benchmark Jobs
Key positions within an organization used as a standard or reference to evaluate the value of other jobs or to establish pay scales.
Job Analysis
Is the process of gathering and organizing detailed information about various jobs within an organization so that managers can better understand the processes through which they are performed most effectively.
Consensus
A decision-making process that seeks unanimity, general agreement, or at least the absence of active opposition among members of a group.
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