Which of the following statements is most accurate regarding wage curves?
A) It is used to plot current organization salaries against salaries from five years ago to determine the amount of increases that have occurred.
B) It will compare the difference in wages between benchmark jobs.
C) Both a market wage curve and an organizational wage curve can exist on the same graph.
D) The market wages are shown on one axis and the organization's wages are shown on the other axis of the graph in order to compare them accurately.
E) A wage curve is most often in the shape of a bell curve.

Question

Quizplus · Accepted Answer

Both a market wage curve and an organizational wage curve can exist on the same graph, allowing for comparison of the organization's wages to those of the overall market. Option A is incorrect, as a wage curve typically focuses on current salaries and does not necessarily compare them to salaries from the past. Option B is incorrect, as a wage curve typically compares salary levels to a set of benchmark jobs within an organization, rather than between benchmark jobs. Option D is incorrect, as market and organizational wages are typically shown on the same axis, rather than on separate axes. Option E is incorrect, as the shape of a wage curve can vary depending on the data being analyzed, and is not necessarily in the shape of a bell curve.

Which of the Following Statements Is Most Accurate Regarding Wage