Which Statement Best Reflects the Relationship Between the Minimum Wage
Which statement best reflects the relationship between the minimum wage and a living wage?
A) They are the same.
B) A living wage tends to be higher than the minimum wage.
C) The minimum wage tends to be higher than a living wage.
D) A living wage is two times the minimum wage.
What does the market line determine?
A) whether the firm should lead,lag,or match the market
B) the relationship of job evaluation results to market pay rates
C) the relationship of job evaluation results to a firm's pay grades
D) a pay rate based on a market survey
Which compensable factor would you include under the main category of "working conditions"?
A) requirements associated with being exposed to health hazards
B) requirements associated with educational levels
C) requirements associated being responsible for the safety of coworkers
D) requirements associated with having to produce certain levels of output
After plotting a regression (market line),you determine that the slope is very steep.What possible conclusion can you make from observing the slope of the regression line?
A) The correlation coefficient is approaching -1 (negative one).
B) There is too much spread in job evaluation points between low-value and high-value jobs.
C) There is not sufficient spread in job evaluation points between low-value and high-value jobs.
D) Lower-value jobs appear to be compensated above market rates.