What Is the Disadvantage of Using the Job Classification Method

question 56

Multiple Choice

What is the disadvantage of using the job classification method in job evaluation?

• A) Grouping jobs
• B) Classifying jobs
• C) Writing job descriptions
• D) Writing grade descriptions
• E) Developing job clusters

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Definitions:

Residual Value

The estimated value of an asset at the end of its useful life.

Double Diminishing-Balance

A method of accelerated depreciation that computes depreciation at double the rate of the straight-line method.

Carrying Amount

The book value of assets or liabilities as recorded in the financial statements, after accounting for depreciation, amortization, or impairment.

Residual Value

The estimated remaining value of an asset at the end of its useful life.