A Company Using a Skill-Based Pay System Prices the Job

question 29

Multiple Choice

A company using a skill-based pay system prices the job of lead assembler between $10 and $22 per hour.Survey data showed that the job of assembler averaged $10 per hour and the job of assembly supervisor averaged $22 per hour.The company is using the _____ method of job matching.

• A)benchmark-job
• B)low-high
• C)survey leveling
• D)benchmark conversion

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Definitions:

Capital Contributions

Investments or funding provided by owners or shareholders to a business, typically in the form of cash or assets, in exchange for an ownership stake.

Management

The process of directing and controlling resources and activities to achieve specific goals.

Educational Software

Computer applications designed specifically to assist with teaching and learning. They include a wide range of academic subjects and skills.

Unlimited Liability

A legal condition where a business owner or partner can be held personally responsible for the debts and obligations of the business without any limit.