LennoCorp captured information regarding the current rates paid for jobs in the firm and new rates based on a recent job evaluation. This information was graphically represented in a scattergram known as a
A)point system.
B)pay grade.
C)wage curve.
D)job ranking system.

Question

Quizplus · Accepted Answer

A wage curve is a scattergram that depicts the relationship between job evaluation points and current wage rates. Therefore, LennoCorp's graph that shows current rates paid for jobs in the firm and new rates based on a recent job evaluation is a wage curve. A point system is a method of job evaluation that assigns numerical values to job factors, a pay grade is a group of jobs within a specific salary range, and a job ranking system is a method of ranking jobs from highest to lowest based on their overall importance to the organization. These terms do not accurately describe LennoCorp's graph.

LennoCorp Captured Information Regarding the Current Rates Paid for Jobs