An Important Tool for Companies Seeking to Maintain External Equity

question 32

Multiple Choice

An important tool for companies seeking to maintain external equity is the use of:

• A) job analysis.
• B) job hierarchies.
• C) Hay rating scales.
• D) market survey data.

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Definitions:

Organizational Scheme

A structured plan or system that outlines the arrangement of work and responsibilities within an organization.

Lavish Wedding

An extravagant and costly wedding celebration characterized by significant spending on decoration, venue, and other wedding aspects.

Prenuptial Agreement

A legal document signed before marriage outlining the division of assets should the marriage end.

Assets

Resources owned by a person or entity that are expected to provide future economic benefits.