Which of the Following Is the Most Widely Used Method

question 92

Multiple Choice

Which of the following is the most widely used method in job evaluation that yields scores for each compensable factor?

• A)Range spread approach
• B)Point-factor system
• C)Market survey system
• D)Pay policy line
• E)Pay grade approach

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Definitions:

Functional Currency

The primary currency of operation chosen by a business, usually the local currency where the business primarily generates and spends cash.

Income Statement

A report detailing a business's income and expenditures throughout a given time frame, which ultimately reveals a profit or deficit.

Sales

The exchange of goods or services for money, representing revenue for a company.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.