When a Statistical Process Is Used to Duplicate an Existing

question 33

Multiple Choice

When a statistical process is used to duplicate an existing pay structure, it is called:

• A)policy capturing.
• B)committee a priori judgment approach.
• C)factor analysis.
• D)regression analysis.

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Definitions:

Request

An act of asking formally or politely for something.

Legitimate Power

Power that is based on position and mutual agreement; agent and target agree that the agent has the right to influence the target.

Mutual Agreement

A mutual agreement involves a concord or pact between two or more parties, where each party has a clear understanding and is in accord about the terms and conditions discussed.

Agent's Position

The status or role of an individual acting on behalf of another person or an entity in a particular situation.