Which of the Following Statements Is True About Pay Ranges

question 44

Multiple Choice

Which of the following statements is true about pay ranges?

• A) Pay ranges are most common for blue-collar jobs and those covered by union contracts.
• B) Pay ranges are widest for employees who are at lower levels in terms of their job evaluation points.
• C) Pay ranges generally are designed so that they do not overlap.
• D) The market rate or the pay policy line generally serves as the midpoint of a range for the job.
• E) The less overlap,the more flexibility in transferring employees among jobs.

---

Definitions:

Dollar-Value LIFO

An inventory valuation method under Last-In, First-Out principle, adjusting for changes in price level or inflation, allowing for a more accurate financial analysis over time.

Inventory Items

Goods or products that a company holds for the ultimate purpose of sale, part of the current assets on a company's balance sheet.

Periodic LIFO

An inventory valuation method that determines the cost of goods sold and ending inventory using the Last In, First Out principle, applied at the end of the accounting period.

FIFO

An inventory valuation method that assumes the first items placed in inventory are the first sold, standing for "First In, First Out."