Statement I: If more jobs are available than the number of workers in the market, there is no need to pay more. Statement II: The average compensation will most likely go down if there is an oversupply situation. a. Statement I is correct. Statement II is incorrect. b. Statement I is incorrect. Statement II is correct. c. Both statements are correct. d. Both statements are incorrect.
Answer only
Statement I: If more jobs are available than the number of workers in the market, there is no need
to pay more.
Statement II: The average compensation will most likely go down if there is an oversupply situation.
a. Statement I is correct. Statement II is incorrect.
b. Statement I is incorrect. Statement II is correct.
c. Both statements are correct.
d. Both statements are incorrect.
Statement I: Overhead costs can affect labor pay.
Statement II: If a company's expense is high, workers cannot ask for a pay raise.
a. Statement I is correct. Statement II is incorrect.
b. Statement I is incorrect. Statement II is correct.
c. Both statements are correct.
d. Both statements are incorrect
Statement I: If the range of the benchmark pay survey is correct, then pay levels are created
successfully.
Statement II: Plotting the actual pay for people in the organization must be done before setting the
pay levels.
a. Statement I is correct. Statement II is incorrect.
b. Statement I is incorrect. Statement II is correct.
c. Both statements are correct.
d. Both statements are incorrect
Statement I: Minimum wage rates in the Philippines vary in every region.
Statement II: The salaries of those working in major cities and business districts are relatively higher than those employed in provincial areas.
a. Statement I is correct. Statement II is incorrect.
b. Statement I is incorrect. Statement II is correct.
c. Both statements are correct.
d. Both statements are incorrect
Statement I: The company is broadbanding if it decides to eliminate some of its vertical hierarchy levels.
Statement II: Delayering allows multiple pay levels to be reduced to fewer levels.
a. Statement I is correct. Statement II is incorrect.
b. Statement I is incorrect. Statement II is correct.
c. Both statements are correct.
d. Both statements are incorrect
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