Which of the Following Statements Is True of a Job

question 4

Multiple Choice

Which of the following statements is true of a job evaluation plan?

• A)It is developed using benchmark jobs and then applied to nonbenchmark jobs.
• B)It excludes the pay decisions made by a company.
• C)It provides the impetus to increase job levels and titles.
• D)It is always carried out separately for major domains of work.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers equals the quantity supplied by producers, leading to a stable market condition.

Equilibrium Quantity

The quantity of goods or services supplied is equal to the quantity demanded at the market equilibrium price.

Demand Increases

A situation wherein there is a rise in the quantity of a product or service sought after by consumers at a given price level.

Equilibrium Price

The price level at which the amount of products available for sale matches the amount consumers want to buy.