A Company Using a Skill-Based Pay System Prices the Job

question 42

Multiple Choice

A company using a skill-based pay system prices the job of lead assembler at between $10 and $22 per hour.Survey data showed the job assembler averaged $10 per hour and the job of assembly supervisor at $22 per hour.The company was using the _____ method of job matching.

• A) benchmark job
• B) low-high
• C) pay range
• D) benchmark conversion

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Definitions:

Numeric Ages

The dating of geological or archaeological materials based on absolute dating methods, providing specific numbers of years.

Fossils

Preserved remains, impressions, or traces of once-living organisms from the distant past.

Cyanobacteria

Photosynthetic microorganisms found in water, sometimes referred to as "blue-green algae," important for their role in nitrogen fixation and oxygen production.

Oxygen-rich Atmosphere

An atmosphere that contains high levels of oxygen, typically associated with the development and sustenance of complex life forms on Earth.