Multiple choice

Question 1

Common job characteristics that an organization is willing to pay for, such as skill, effort, responsibility, and working conditions are termed:

A. workload standards.

B. benchmark jobs.

C. compensable factors.

D. ESOPs.

Question 2

Relevant labor markets should consider __________ as well as product-market competitors.

A. workload standards

B. internal equity

C. geographical boundaries

D. survey data

Question 3

Alternatives to pay systems based on job evaluation include all of the following EXCEPT:

A. education-based pay.

B. skill-based pay.

C. market-based pay.

D. knowledge-based pay.

Question 4

A narrowing of the ratios of pay between jobs or pay grades in a firm's pay structure is pay:

A. secrecy.

B. compression.

C. security.

D. inequality.