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© 2019

  1. Study Guides
  2. Market Pricing
Test 1 Test 2 Test 3
Market pricing jobs supports most Organizations objective of:
Market data may create problems for companies in which of the following areas::
A job worth hierarchy refers to what?
A point factor system is useful to determine:
The combined market value from various salary survey sources is called:
A suitable market match has at least _______ of shared responsibilities with the job being evaluated.
Selecting a relevant labor market should NOT include:
How many benchmark jobs should be market priced in an organization?
A job that is directly tied to the external market value of another internal job is __________
Which of the following market data sources are MOST LIKELY to be complimentary?
Which of the following is not a decision factor when deciding what type of survey data to use?
Which is MOST likely to have the greatest cost?
In a salary survey, how many participants must be included before results can be shared?
A single participant cannot account for more than __________ of a particular survey job.
What is the minimum percent that a survey job should be similar to your job, in order to be considered a match?
How many salary survey sources are considered ideal, when creating a market composite?
As a general rule, salary survey information is considered to be representative of the market within _______ , more or less.%
Salary surveys commonly under represent which segment of the market?
What incumbents are paid in a job can be answered by:
Aging data is:
If an organization wants to always be paying at least the market, what type of aging approach is recommended
Which of the following is the least reliable kind of market data
One of the problems with crowd sourced data is:
What market pricing approach uses the 25th percentile, 50th percentile and 75th percentile?
Which of the following is an advantage to market pricing?
Grade 10 has a midpoint of $40,000 Grade 11 has a midpoint of $44,000 and Grade 12 has a midpoint of $48,400. What is the midpoint progression?
What is the most typical first step in market pricing a job?
Which of the following is NOT a key element of market priced salary structures?
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