________ involves determining whether performance deficiencies result from lack of knowledge or skill.
A. Person analysis
B. Organizational analysis
C. Task analysis
D. Skill analysis
Answer: A
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Which of the following is true regarding credit cards?
a. There are three credit cards per U.S. household. b. They are officially considered money. c. They represent an individual’s approval for credit. d. They are widely accepted in the United States, but few other countries. e. They represent an arrangement between the cardholder and a bartering partner.
Answer the following statement(s) true (T) or false (F)
1. The factor comparison method of job evaluation combines the job ranking and point-factor methods. 2. A pay structure is a hierarchy of jobs and their rates of pay within the organization. 3. In compensation, a pay structure is the maximum, minimum, and midpoint of pay for a certain group 4. Broadbanding is the process of changing the company structure to get rid of some of the vertical hierarchy (reporting levels) in an organization. 5. Delayering is the process of combining multiple pay levels into one.
Evaluate why a company would use a micromarketing strategy versus an undifferentiated strategy.
What will be an ideal response?
Tira obtains two fire insurance policies on her house. Each is an open policy with a pro rata clause. Tira's policy with Unity Insurance Company is for a maximum amount of $100,000. Her policy with Verity Insurance Company is for a maximum amount of $50,000. Each policy includes a pro rata clause. Due to defective electrical wiring, Tira's house catches fire and burns completely. The value the house at the time of the loss is $120,000. Tira files a proof of loss with each insurer. What is an open policy? What is a pro rata clause? What is the liability of Unity and Verity for this event?
What will be an ideal response?