Which of the Following Is True About Pay Grades and Ranges

question 56

Multiple Choice

Which of the following is true about pay grades and ranges?

• A) One approach for establishing pay grades and ranges is to have a relatively large number of grades with identical rates of pay for all jobs within each grade.
• B) When an employee reaches the top of the range for a given pay grade, he or she will not be allowed to move to a higher grade.
• C) Ranges within pay grades are set up so that homogeneity can be achieved among employees within grades.
• D) In establishing pay grades and ranges, one method is to have a small number of grades with a relatively narrow dollar range for each grade.

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Definitions:

P-value

A measure in statistical hypothesis testing representing the probability of obtaining a result at least as extreme as the one observed, under the assumption that the null hypothesis is true.

Confidence Interval

A set of numbers obtained from statistical data from a sample, which is expected to encompass the value of a parameter from the overall population that is not known.

Defective

Describes an item that fails to meet quality standards or specifications, often resulting in malfunction or unsuitability for intended use.

Proportion

A part, share, or number considered in comparative relation to a whole.