Job Analysis Is Important for Both Managers and Employees Because

question 46

Multiple Choice

Job analysis is important for both managers and employees because it is

• A)the basis for a work-related rationale for pay differences.
• B)an important result of the job evaluation process.
• C)required under the Fair Labor Standards Act.
• D)required for increasing employee turnover rates.

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Definitions:

Borrowed

Money that one has taken on loan from another party, under the condition that it will be repaid, usually with interest, at a later date.

Interest

The charge for borrowing money or the return on invested capital, usually expressed as an annual percentage rate.

Interest Rate

The fraction of a borrowed sum that incurs interest charges for the borrower, often expressed in terms of a yearly percentage.

Investment

The process of assigning financial resources with the goal of making a profit or gaining income.