Which of the Following Is an Advantage of the Point

question 26

Multiple Choice

Which of the following is an advantage of the point method of job evaluation?

• A)Because it can usually be done in hours,it is relatively inexpensive.
• B)It is usually easier to develop than the factor comparison method.
• C)The system is easy to keep current as jobs change.
• D)It is tied to external market wage rates.

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Definitions:

Exterorganizational

Exterorganizational pertains to interactions, relationships, or dynamics that occur outside of or between organizations, rather than within a single organization.

Extraorganizational

Pertaining to activities or influences that are outside the scope or boundaries of a single organization.

ERP

Stands for Enterprise Resource Planning, a type of software that organizations use to manage day-to-day business activities such as accounting, procurement, project management, and manufacturing.

MRP

Material Requirements Planning, a computer-based inventory management system designed to assist production planning and inventory control.