Barry & Finch, a law firm in Connecticut, performs job evaluation by organizing different sets of jobs in the firm into clusters called grades. The job evaluator then writes definitions and descriptions of each grade, which serves as a tool for deciding the compensation for each job. Which of the following job-evaluation methods is Barry & Finch using in the given scenario?

Brenda, the chief technical officer of a telecommunications company, is a member of the Golden Scion Country Club, one of the most exclusive country clubs in the United States. Having a membership in such country clubs is usually expensive. It is, however, free of cost for Brenda as it is paid for by her company. In the given scenario, which of the following options best describes the membership given to Brenda by her company?

External equity in compensation refers to comparisons made by employees to other employees performing similar jobs within the same organization.

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Brad, a manager at a new investment firm, is performing job evaluation. He selects 12 benchmark jobs in the firm and then ranks each of these jobs against compensable job factors such as physical effort, responsibility, skill, and nature of the working conditions. This ranking is based on job descriptions created during job analysis. Later, the management meets as a group and develops a consensus on the assigned values for each job. In the given scenario, which of the following systems or methods is Brad most likely using for job evaluation?

An advantage of retaining highly performing employees is that:

Which of the following factors is most likely a reason for the failure of a merger or acquisition?

Employee leasing involves an organization paying a fee to a company that provides a pool of employees to the organization on a temporary basis.

Which of the following refers to the system of rules and procedures for how and when punishment is administered and how severe the punishment should be?

A gourmet chocolate manufacturer imports the best quality cocoa for its chocolates from the country. However, the country has recently stopped exporting cocoa because of the increase in the demand for cocoa in the country. In the context of changing environments, which of the following does this scenario best illustrate?