When a statistical process is used to duplicate an existing pay structure, it is called:
A)policy capturing.
B)committee a priori judgment approach.
C)factor analysis.
D)regression analysis.

Question

Quizplus · Accepted Answer

Policy capturing is a statistical technique used to replicate existing pay structures by examining the factors that influence pay decisions. This involves collecting data on the jobs being evaluated and the pay decisions made by managers. The data is then analyzed to identify the key factors that influence pay decision-making, such as job knowledge, skills, and experience. The replicated pay structure can then be used as a benchmark for making future pay decisions. The other options are not directly related to duplicating a pay structure.

When a Statistical Process Is Used to Duplicate an Existing