Among the Steps Required by the Point System of Job

question 119

Multiple Choice

Among the steps required by the point system of job evaluation include all of the following except

• A)determination of compensable factors
• B)allocation of points to levels (degrees)
• C)determination of levels (degrees)associated with each factor
• D)allocating points to subfactors
• E)allocating points based on job comparisons

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Definitions:

Used Cars

Used cars that have already been registered and operated by at least one previous owner.

Marginal Products

The additional output resulting from the increase of one unit of a specific input, holding all other inputs constant.

Separating Equilibrium

Separating equilibrium refers to a situation in a market, often under conditions of asymmetric information, where different types of people choose different strategies, revealing their type.

Pooling Equilibrium

A situation in a market where all types of customers receive the same offer or treatment from a seller because the seller cannot distinguish between different types of customers.