In the context of pay-system mechanics, when jobs are evaluated and rank-ordered from highest point total to lowest point total, a(n) ________ is defined.

A. compensable factor
B. incentives system
C. hierarchy of job worth
D. performance standard


Answer: C

Business

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During which of the following stages of the business buying process is a buyer most likely to conduct a value analysis by carefully studying components to determine if they can be redesigned, standardized, or made less expensively?

A) proposal solicitation B) general need description C) order-routine specification D) performance review E) product specification

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Which of the following is the role of the broker in an intermediation revenue model?

a. sell to the ultimate buyer b. organize transactions between buyer and seller c. represent the buyer in legal cases d. represent the seller in legal cases

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Realty Credit Company and Security Mortgage Corporation plan to consolidate. Most likely, the articles of consolidation will be filed with

A. the county recording office. B. the local realtors' association. C. the state's secretary of state. D. the federal Bureau of Land Management.

Business

Using the information given below, prepare a balance sheet for Rapid Car Services from the adjusted trial balance. Rapid Car ServicesAdjusted Trial BalanceFor the year ended December 31Cash …………………………………………….$33,000?Accounts receivable …………………………….14,200?Office supplies ………………………………….1,700?Vehicles ………………………………………..100,000?Accumulated depreciation ? Vehicles …………?45,000Accounts payable ………………………………?11,500Common stock …………………………..?20,000Retained earnings …………………………..?51,900Dividends …………………...40,000?Fees earned ……………………………………..?155,000Rent

expense …………………………………...13,000?Office supplies expense ………………………...2,000?Utilities expense ………………………………..2,500?Depreciation Expense ? Vehicles……………..15,000?Salary expense ………………………………….50,000?Fuel expense ……………………………………    12,000$283,400________$283,400Totals ……………………………………………?? What will be an ideal response?

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