What is a pay policy line? What is its relevance?
What will be an ideal response?
Mathematically, a pay policy line shows the relationship between job evaluation and rate of pay. The line is plotted on a graph in which the vertical axis shows a range of possible pay rates, and the horizontal axis measures the points from the job evaluation. The line slopes upward from left to right, and if higher-level jobs are especially valuable to the organization, the line may curve upward to indicate even greater pay for high-level jobs. Using this line, an analyst can estimate the market pay level for a given job evaluation. Looking at the graph will give approximate numbers, or the regression analysis will provide an equation for calculating the rate of pay. The pay policy line reflects the pay structure in the market, which does not always match rates in the organization.
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On your résumé, which of the following can often be a valuable asset to an employer?
A) Names of references B) Marital status C) Military experience D) National origin E) Names of previous supervisors
Answer the following statements true (T) or false (F)
1. Noble, Inc. purchases each unit of product X for $100 and can sell it in the market for $135. The price of the product for Noble would be $100. 2. Selling and administrative expenses are subtracted from gross profit to obtain operating income. 3. Merchandising companies, like service companies, do not use a Cost of Goods Sold account. 4. For external reporting purposes, GAAP requires companies to treat period costs as assets. 5. In the income statements of both manufacturing and merchandising companies, the Cost of Goods Sold account is usually the largest expense.
Olivia Greer is a partner in Made for You. An analysis of Greer's capital account indicates that during the most recent year, she withdrew $30,000 from the partnership. Her share of the partnership's net loss was $16,000 and she made an additional equity contribution of $10,000. Her capital account ended the year at $150,000. What was her capital balance at the beginning of the year?
A. $180,000 B. $196,000 C. $170,000 D. $186,000 E. $154,000
Which of the following types of protection does the Fourth Amendment provide to U.S. citizens?
A) protection against self-incrimination B) protection against being tried for the same case twice C) protection from unreasonable search and seizure by the government D) protection from cruel and unusual punishment for a criminal defendant