Question 1

Which of the following is an advantage of market-based job evaluation and pay structure design?

Options :

A : Any market inequities are built in

B : Simple to administer

C : Takes into consideration the company-s perceived value of a job

D : Legally defensible based on job content

Answer: B

Question 2

What are regression analysis outliers?

Options :

A : Data points that are too high compared to the average

B : Data points that are too low compared to the average

C : Data points that are within the expected range

D : Data points that are anomalies in comparison with other data points

Answer: D

Question 3

Which of the following is a characteristic of a good survey?

Options :

A : Survey sources are identified.

B : A limited sample size.

C : Aggregate data is trimmed.

Answer: A

Question 4

What are regression analysis outliers?

Options :

A : Data points that are too high compared to the average

B : Data points that are too low compared to the average

C : Data points that are within the expected range

D : Data points that are anomalies in comparison with other data points

Answer: D

Question 5

What is midpoint-to-midpoint differential?

Options :

A : The difference in wage rates paid at the top and bottom of a salary grade

B : The difference in wage rates paid for the same job in different locations

C : The difference in wage rates paid for jobs with similar job titles

D :

The difference in wage rates paid in the midpoints of two adjacent grades and is also known as a salary range spread

Answer: D

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