Instructions: Refer to the Following Equation to Answer the Question(s)

question 21

Short Answer

Instructions: Refer to the following equation to answer the question(s) below. Refer to instructions. Will this reaction take place as written in the forward direction? Explain.

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Definitions:

Hay Plan

A method of job evaluation developed by the Hay Group that assesses positions on the basis of know-how, problem-solving ability, and accountability to determine relative worth.

Executive Jobs

Professional positions with significant decision-making responsibilities often within the higher levels of an organization's hierarchy.

Job Evaluation Method

A systematic process used to determine the relative worth of jobs within an organization, often as a basis for establishing pay scales.

Merit Pay

A pay system where employee compensation is based on performance as measured through appraisals and achievements, rather than seniority or hours worked.