Examlex

Solved

The First Step in the Point System of Job Evaluation

question 73

True/False

The first step in the point system of job evaluation is to determine compensable factors.


Definitions:

Surplus

A situation where the quantity supplied exceeds the quantity demanded, or when revenues exceed expenses.

Easily Stored

Refers to items or data that can be kept or archived with minimal effort or resources.

Current Supply

The total amount of a particular good or service available to consumers at the current time.

Price Floor

A government- or group-imposed price control that sets the lowest legal price a commodity can be sold at to prevent market prices from falling below a certain level.

Related Questions