MGT Chap 5

Which of the following is the underlying assumption in the assessment of job content?

Content has intrinsic value outside external market.

Which of the following statements is true of a job evaluation plan?

It is developed using benchmark jobs and then applied to nonbenchmark jobs.

In the context of internal alignment, which of the following is the correct sequence?

Job description > Job evaluation > Job structure

_____ is the process of systematically determining the relative worth of jobs for the purpose of creating an organization's job structure.

Job evaluation

In the context of the point method of job evaluation, _____ are those characteristics in the work that an organization values; that help it pursue its strategy and achieve its objectives.

compensable factors

_____ are more likely to conduct job evaluations of senior management jobs.

Compensation managers

The exchange value of a job is its _____.

external market value

According to a WorldatWork survey, the primary method of job evaluation is _____.

market pricing

Research shows that skills, one of the compensable factors, accounts for _____ percent or more of the variance in job evaluation results.

90

Which of the following is NOT true of the usage of multiple plans versus single job evaluation plans?

A single universal plan is acceptable to employees if the work covered is highly diverse.

MXB Inc. is a carwash service provider. It orders the jobs in the company on the basis of the least important job to the most important job. In this case, MXB is most likely using a(n):

alternation-ranking method.

Common characteristics of the point method include all of the following EXCEPT:

benchmark factor classes.

The _____ method of job evaluation is the most commonly used method in the United States and Europe.

point

The _____ method of job evaluation uses compensable factors.

point

KayDen Corp., a small organization with 15 employees, conducts job evaluation using the least expensive method for the first time. In this case, KayDen is most likely to have used the _____.

ranking method