Multiple Choice
The R2 statistic tells us how well the variation in the company's valuation of jobs based on job evaluation points explains the variation in market pay rates from the compensation survey.What does it mean when the R2 = 1?
A) All of the variation in market pay can be explained by the company's job structure.
B) None of the variation in market pay can be explained by the company's job structure.
C) All of the variation in market pay can be explained by the company's external pay rates.
D) All of the variation in market pay can be explained by the benchmark rates.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Companies pursuing a differentiation strategy are most
Q3: Compensation surveys are typically focused on which
Q4: This causes compensation survey data to become
Q5: XYZ Inc.pursues a low-cost strategy in its
Q6: _ is defined as an in-depth examination
Q7: _ refers to a group of two
Q8: In statistical analysis,which of the following is
Q9: _ represent the fields of potentially qualified
Q10: What is an appropriate pay policy mix?
Q11: In the regression analysis formula,what does the