A Manager at a Local Bank Analyzed the Relationship Between

question 56

Multiple Choice

A manager at a local bank analyzed the relationship between monthly salary and three independent variables: length of service (measured in months) ,gender (0 = female,1 = male) ,and job type (0 = clerical,1 = technical) . The following ANOVA summarizes the regression results: Based on the hypothesis tests for the individual regression coefficients,________.

• A)all the regression coefficients are not equal to zero
• B)"job" is the only significant variable in the model
• C)only months of service and gender are significantly related to monthly salary
• D)"service" is the only significant variable in the model

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Definitions:

Skill-based Pay

Skill-based pay is a compensation system where employees are paid based on the number, variety, or complexity of skills and qualifications they possess, rather than solely on their job position or title.

Additional Pay

Compensation above an employee's regular pay scale, which could include bonuses, overtime, or allowances.

Job Design

The process of organizing tasks, duties, and responsibilities into a productive unit of work to enhance job satisfaction and performance.

Job Enlargement

a job design method that increases the number of tasks for a worker to reduce the monotony of work.