Question Detail

IRP 321 Compensation Management policies Objective Question
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Question

What distinguishes the Factor Comparison method from the Points Rating method, as mentioned in the text?
Options
A Factor comparison uses a grading system.
B Factor comparison directly assigns monetary values to compensable factors.
Correct Answer
C Factor comparison focuses solely on external equity.
D Factor comparison is a qualitative method.
Correct Answer

Option B is the correct answer.

Detailed Explanation

Page 30 states, 'Factor comparison is similar to points rating method. However, the factor comparison assigns monetary values to compensable factors.'

Hint

The key difference lies in what type of value is assigned to the compensable factors.

Question Info

Course: IRP 321
Topic: Compensation Management policies
Type: Objective
Difficulty: Not specified
Question 39 of 59
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