Question 1

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

Question 2

Which statement best describes the term relevant labor market(s)?

Options :

A : markets which exclude geographic location and organizational size

B : Labor market(s) against which the organization must equal its pay levels

C : Market(s) from which an organization draws and loses its employees

D : Labor market information that is generally applicable only to the manufacturing sector

Answer: C

Question 3

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 4

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 5

Which statement best describes the term relevant labor market(s)?

Options :

A : markets which exclude geographic location and organizational size

B : Labor market(s) against which the organization must equal its pay levels

C : Market(s) from which an organization draws and loses its employees

D : Labor market information that is generally applicable only to the manufacturing sector

Answer: C

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