BUS 434 Week 3 Quiz

1. �    Question : �   The term “going rate”� implies that there is 2. �    Question : �   In the following array of data, which value is the 9th decile? 3. �    Question : �   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. �    Question : �   The optimal number of pay grades to be included within a pay structure is 5. �    Question : �   The term “sore thumbing”� when applied to the job evaluation process relates to 6. �    Question : �   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. �    Question : �   A compensation scatter diagram plots the points or dots on a chart where each point represents a 8. �    Question : �   Which one of the following statements best describes compensable factors? 9. �    Question : �   Relatively new or different jobs in which demand far exceeds the supply of qualified applicants are known as 10. �     Question : � � Which of the following job evaluation systems is the easiest to implement but potentially the most discriminating?

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