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Pay level refers to the relative pay of jobs in an organization. True False 2.Th

Pay level refers to the relative pay of jobs in an organization. 
 
True    False

 

2.The equity theory suggests that people evaluate the fairness of their situations by comparing them with how they were treated in their previous organization. 
 
True    False

 

3.Job evaluation is a more appropriate tool for internal equity pay comparisons than market pay surveys. 
 
True    False

 

4.The upper bound placed by product market competition is more constrictive when labor costs are a larger share of total costs. 
 
True    False

 

5.Labor market competition is the amount an organization must pay to compete against other companies that hire similar types of employees. 
 
True    False

 

6.Benchmarking is a procedure in which a company compares its different practices with the standard set by the management. 
 
True    False

 

7.Product market comparisons that focus on labor costs deserve greater weight when the product demand is inelastic. 
 
True    False

 

8.For blue-collar jobs, particularly those covered by collective bargaining contracts, there may be a single rate of pay for all employees within the job. 
 
True    False

 

9.Nonkey jobs are those that are common to many organizations. 
 
True    False

 

10.Internal job worth can be measured using the administrative tool of job evaluation. 
 
True    False

Dec 10 2019 View more View Less

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