Which of the Following Is True of the Pay Grade

question 57

Multiple Choice

Which of the following is true of the pay grade approach to developing a pay structure?

• A)It permits greater flexibility in moving employees from job to job.
• B)It increases the administrative burden of setting up rates of pay.
• C)It has a range spread that is smaller at higher levels.
• D)It ensures that all of the jobs have fair rates of pay.
• E)It tends to contribute to reduced labor costs.

---

Definitions:

Social Capital

The networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

Turbine Manufacturing

The industrial production of turbines, which are rotary mechanical devices that extract energy from a fluid flow and convert it into useful work.

Infrastructure

The basic physical and organizational structures and facilities, such as buildings, roads, and power supplies, essential for the functioning of a society or business.

Capital

Capital typically refers to financial assets or the financial value of assets, such as funds held in deposit accounts and/or the physical factories and machinery.