Compensation Test 2- Quiz Questions

The exchange value of a job is its _____. A. content value B. performance value C. internal market value D. external market value

D. external market value

The _____ method of job evaluation is the most commonly used method in the United States and Europe. A. ranking B. factor comparison C.classification D. point

D. point

When a statistical process is used to duplicate an existing pay structure, it is called: A. policy capturing. B. committee a priori judgment approach. C. factor analysis. D. regression analysis.

....

All of the following are advantages of the ranking method of job evaluation EXCEPT that: A. rankings are easy to defend and justify. B. the evaluation process is fast. C. the evaluation process is inexpensive. D. the evaluation process is not complex.

.....

Research shows that _____ factor(s) account(s) for 98 to 99 percent of the variance in job evaluation plans. A. one B. two C. three D. four

.....

Which of the following statements is true of a job evaluation plan? A. It is developed using benchmark jobs and then applied to nonbenchmark jobs. B. It excludes the pay decisions made by a company. C. It provides the impetus to increase job levels and titles. D. It is always carried out separately for major domains of work.

.....

The _____ method of job evaluation uses compensable factors. A. classification B. Position Analysis Questionnaire C. point D. ranking

......

Which of the following methods requires evaluators to agree on which jobs are the most and least valuable, then the next most and least valued, and so on until all the jobs have been ordered? A. Alternation-ranking method B. Classification method C. Point method D. Paired-comparison method

A. Alternation-ranking method

Which of the following is the underlying assumption in the assessment of job content? A. Content has intrinsic value outside external market. B. Content has no artistic value. C. Stakeholders are the best judge for assessing the quality of content. D. Content can be determined with or without external market.

A. Content has intrinsic value outside external market

Common characteristics of the point method include all of the following EXCEPT: A. benchmark factor classes. B. numerically scaled factor degrees. C. factor weights. D. compensable factors.

A. benchmark factor classes

The final step in designing a point plan involves _____. A. developing online software support B. selecting compensable factors C. communicating the plan and training users D. scaling the factors

A. developing online software support

Which of the following is a disadvantage of the point method? A. It can leave too much room for manipulation. B. It can become bureaucratic and rule-bound. C. It does not allow for comparisons. D. It does not communicate what is valued.

B. It can become bureaucratic and rule-bound

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. A. competitive skills B. compensable factors C. core competencies D. benchmark factors

B. compensable factors

According to a WorldatWork survey, the primary method of job evaluation is _____. A. ranking B. market pricing C. the point method D. the classification method

B. market pricing

Most factor scales have _____ degrees. A. 6-9 B. 4-8 C. 3-7 D. 2-4

B.4-8

_____ is the process of systematically determining the relative worth of jobs for the purpose of creating an organization's job structure. A. Performance evaluation B. Job restructuring C. Job evaluation D. Point factor evaluation

C. Job evaluation

A major decision in job evaluation is to: A. choose which stakeholders to eliminate in the process. B. figure out how to eliminate the use of multiple plans. C. choose among alternative approaches. D. figure out how to eliminate the use single plans.

C. choose among alternative approaches

In the point method, the second step in designing a plan is to: A. conduct job analysis. B. scale the factors. C. determine the compensable factors. D. prepare a job evaluation manual.

C. determine the compensable factors

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 _____. A. classification method B. point method C. ranking method D. Hay plan

C. ranking method

Which of the following is a major decision in job evaluation? A. Choosing the stakeholders to eliminate in the process B. Choosing the method of eliminating multiple plans C. Establishing standards that solely use a single plan D. Establishing the purpose of evaluation

D. Establishing the purpose of evaluation