The Job Evaluation Method in Which a Number of Compensable

question 10

Multiple Choice

The job evaluation method in which a number of compensable factors are identified, and then the degree to which each of these factors is present on the job is determined, is the

• A)factor comparison method.
• B)ranking method.
• C)point method.
• D)Hay plan method.
• E)job classification method.

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Definitions:

Queuing Theory

The mathematical study of waiting lines, or queues, aiming to predict queue lengths and waiting times.

Poisson Process

A statistical process that models the occurrence of a certain number of events within a fixed interval of time or space, with these events happening at a constant mean rate and independently of the time since the last event.

Probability

A numerical measure of the likelihood of a particular event occurring, expressed on a scale from 0 to 1.

Poisson Arrivals

A process that describes the probability of a given number of events happening in a fixed interval of time or space, assuming these events occur with a known constant mean rate and independently of the time since the last event.