BUS 434 Week 3 Quiz1. The term “going rate” implies that there is

2. In the following array of data, which value is the 9th decile?

3. Many specialists who make extensive use of survey data believe that _______ values provide valuable information for establishing minimum and maximum pay values for a job or a grade.

4. The optimal number of pay grades to be included within a pay structure is

5. The term “sore thumbing” when applied to the job evaluation process relates to

6. The spread of a range within a pay grade will normally vary anywhere from _____ to _____ percent on either side of the midpoint of a pay scale.

7. A compensation scatter diagram plots the points or dots on a chart where each point represents a

8. Which one of the following statements best describes compensable factors?

9. Relatively new or different jobs in which demand far exceeds the supply of qualified applicants are known as

10. Which of the following job evaluation systems is the easiest to implement but potentially the most discriminating?

 

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