Which of the following is a method of job valuation in which jobs are arranged by a committee in a simple order from lowest to highest in value?    a) Classification method  B) Comparison method  NS) Sort method  D) Rating method  TO) Spacing method

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
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Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Which of the following is a method of job valuation in which jobs are arranged by a committee in a simple order from lowest to highest in value?

 
 a)

Classification method

 B)

Comparison method

 NS)

Sort method

 D)

Rating method

 TO)

Spacing method

 

 
Expert Solution
Step 1

Factor comparison is defined as one of the systematic and scientific method which is designed to carry job evaluation which do not rank the jobs as a whole, ranks according to a series of factors.

The aim of factor comparison method is to assign financial value to the relative parts of each job role.

Factor comparison breaks down a job into a small number of key factors, such as skills, effort, knowledge and responsibilities.

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