Which of the Following Is the Definition of Compensable Factors

question 92

Multiple Choice

Which of the following is the definition of compensable factors?

• A)They are jobs that are unique to organizations and that cannot be directly valued or compared through the use of market surveys.
• B)They are the characteristics of jobs that an organization values and chooses to pay for.
• C)They are the jobs that have relatively stable content and are common to many organizations.
• D)They are the factors that describes the relationship between a job's pay and its job evaluation points.
• E)They are the jobs that are of similar worth or content grouped together for pay administration purposes.

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Definitions:

Corporate Vision

A statement that outlines an organization's long-term aspirations and goals, guiding its future direction.

Resale Price Maintenance

An agreement between a manufacturer and its distributors to sell a product at a specified minimum price.

Price-Fixing

An illegal agreement between parties to set prices at a specific level, often higher than what would be set through free-market competition, to control or manipulate the market.

Competitive Pressure

The force exerted on a company by other entities within the same market that compels it to maintain or improve its competitive edge.