If a Company Uses a Committee to Sort Job Descriptions

question 112

Multiple Choice

If a company uses a committee to sort job descriptions into grades without using a point system,the company is most likely using a ________ system for its job evaluation.

• A) ranking
• B) factor comparison
• C) classification
• D) policy capturing

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Definitions:

Policy Owner

The individual or entity that holds and controls an insurance policy and has the right to exercise all privileges under the contract.

Face Value

The nominal or stated value of a financial instrument or document, such as a bond or stamp, not necessarily its market value.

Premiums

The amount of money charged by an insurance company for active coverage.

Fire Insurance

A type of property insurance that covers damage and losses caused by fire.