Question 13 Organizations that pay less than market leaders do so because they are "market driven." True False Question 14 Compensation surveys provide the data for translating a policy into pay levels, pay mix, and structures. True False Question 15 Grades and ranges offer managers the flexibility to deal with pressures from external markets and within the organization. True False Question 16 A pay range includes a minimum, a midpoint, and a maximum. True False

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Question 13
Organizations that pay less than market leaders do so because they are "market
driven."
True
False
Question 14
Compensation surveys provide the data for translating a policy into pay levels, pay
mix, and structures.
True
False
Question 15
Grades and ranges offer managers the flexibility to deal with pressures from external
markets and within the organization.
True
False
Question 16
A pay range includes a minimum, a midpoint, and a maximum.
True
False
Transcribed Image Text:Question 13 Organizations that pay less than market leaders do so because they are "market driven." True False Question 14 Compensation surveys provide the data for translating a policy into pay levels, pay mix, and structures. True False Question 15 Grades and ranges offer managers the flexibility to deal with pressures from external markets and within the organization. True False Question 16 A pay range includes a minimum, a midpoint, and a maximum. True False
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