A common first step in interpreting compensation survey data is to
A. check for the accuracy of job matches.
B. remove the top- and bottom-paying companies.
C. seek out nonresponders.
D. check for anomalies.
Answer: A
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Specialty products normally require wide distribution to sell sufficient quantities to meet profit goals.
Answer the following statement true (T) or false (F)
The performance measurement system should encourage each manager to act in a manner that
a. makes the manager's units profits as high as possible. b. most positively supports the organization's mission and competitive strategies. c. increases his/her performance reward in the form of profit sharing. d. reduces the need for informational elements in support of the manager's planning function.
Mentoring is an important indicator of management support in career development.
Answer the following statement true (T) or false (F)
What would be your preferred measure of central tendency if you had the following data: $32,400; $42,500; $47,250; $49,570; $145,850?
a.Mean b.Median c.Mode d.Weighted mean