A 10 percent merit pay increase budget tells us which of the following?
A) The minimum pay increase amounts to 10 percent.
B) The maximum pay increase amounts to 10 percent.
C) The average pay increase amounts to 10 percent.
D) The standard deviation of any pay increase cannot be more than 10 percent below or above the average.
Answer: C
You might also like to view...
When evaluating the six-step decision making process, what occurs during the solution selection step?
A. The process will begin again if the decisions made were incorrect B. Definition of the problem as clearly and precisely as possible C. Details of every solution possible including ideas that seem far fetched D. The solution that best solves the problem is selected
Which of the following is defined as the value of readily available access to willing respondents?
A) respondent availability B) panel equity C) respondent value D) respondent accessibility E) panel value