One of the Advantages of Using Job Evaluation to Set

question 64

True/False

One of the advantages of using job evaluation to set compensation levels in organizations,is that internal and external equity are both satisfied.

---

Definitions:

Local Monopoly

A condition where a single firm has control over a market or product within a specific geographical area.

Price Discriminate

A strategy where a seller charges different prices for the same product or service to different customers, based on factors like willingness to pay, location, or purchase volume.

Economic Profit

The financial measurement between a company's aggregate earnings and its total costs, covering both explicit and hidden charges.

Output Level

The quantity of goods or services produced by a firm or economy in a certain period.