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1
points
QUESTION
8
1.
Employers
continue
to
hire
until
the
margninal
revenue
of
the
last
hire
equals
his
or
her
wage
rate.
This
is
based
on
the
first
labor
market
theory
assumption
that:
markets
are
competitive.
workers
are
homogeneous
and
interchangeable.
employers
seek
to
maximize
profits.
pay
rates
reflect
all
costs
of
employment.
1
points
QUESTION
9
1.
Competencies
are
derived
from
the
beliefs
about
the
organization
and
its
strategic
intent.
competitors'
executive
leadership's
customers'
stakeholders'
1
points
QUESTION
10
1.
In
cases
where
the
content
of
an
organization's
jobs
does
not
sufficiently
match
that
of
the
jobs
in
the
salary
survey,
an
effort
can
be
made
to
quantify
the
difference
via
benchmark
conversion.
True
False
1
points
QUESTION
11
1.
A
manager
of
a
company
could
be
a
factor
affecting
the
company's
external
competitiveness.
True
False
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