All of the Following Are Advantages of the Ranking Method

question 47

Multiple Choice

All of the following are advantages of the ranking method of job evaluation EXCEPT that:

• A)rankings are easy to defend and justify.
• B)the evaluation process is fast.
• C)the evaluation process is inexpensive.
• D)the evaluation process is not complex.

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Definitions:

Collection Float

The time span between when a check is deposited and when the funds are actually available in the account, reflecting processing time.

Checks

Checks are written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a designated party.

Bank

A financial institution licensed to receive deposits and make loans.

Lockbox System

A service provided by banks to process payments quickly by having those payments mailed directly to a location accessible by the bank.