What factors shifts the IS curve?
QUESTION 1
What is the method to establish pay grade widths in which the point spreads are equal for all pay grades?
1 points
QUESTION 2
Which variable may be considered an advantage associated with the "a priori" method in determining factor weights?
QUESTION 3
The point method of job evaluation has many benefits, but it does have some drawbacks. From the list below, what would be considered a drawback of the point method?
QUESTION 4
You have been provided with the following information about a certain pay range: minimum $50,000; mid-point $55,000; and maximum $60,000. What is the range spread and the range spread percentage?
QUESTION 5
Which step in developing a job evaluation system using the point method allows you to quantify the extent to which each factor is present in a job?
QUESTION 6
A company decides to include "customer contact" as a compensable factor in their job evaluation system. What conclusion can you draw from this?
QUESTION 7
Which of the following should be avoided when using the point method of job evaluation?
QUESTION 8
A "match the market" pay strategy means all jobs in the organization will actually match the market.
True
False
QUESTION 9
Considering the factor of "supervisory responsibility," which degree statement is an example of inconsistent construct formation?
QUESTION 10
In a point method of job evaluation, large pay range overlaps are preferred.
QUESTION 11
Which term refers to the differences between the range midpoints of adjacent pay grades in a pay structure expressed by dollars?
QUESTION 12
Which of the following best defines a benchmark job?
QUESTION 13
Mille, a human resource compensation specialist, determines that the correlation coefficient is nearly –1 (negative one) after calculating a straight regression line. What conclusion can Mille make based on this nearly perfect correlation coefficient?
QUESTION 14
Your task is to persuade an executive to design a job evaluation system using the point method. What would be the focal point of your argument?
QUESTION 15
The terms job evaluation and job analysis are interchangeable.
QUESTION 16
One of the greatest benefits of using a point method of job evaluation is that it is statistically scientific.
QUESTION 17
Which statement best defines range spread?
QUESTION 18
In order to establish a midpoint of the pay range you must first convert the market line into a pay line policy.
QUESTION 19
Which of the following takes place once the job evaluation system has been finalized?
QUESTION 20
What is a disadvantage of having very narrow pay grades?
13. According to the Keynesian model of income determination, what determines a nation