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C17 Questions and Answers

Question # 1

Which of the following is the definition of blending?

A.

The process of allocating emphasis to a particular job and combining two or more salary surveys.

B.

The process of using market rates for two or more jobs to establish a market rate for a single hybrid job.

C.

The process of analyzing a blend of data (scope, industry, location, etc.) to determine worth of a position.

Question # 2

Which survey data will be more clearly focused on the appropriate market while making a decision on which survey data to use?

A.

Conducting own survey only

B.

Custom third-party surveys only

C.

Published surveys only

D.

Both conducting own survey and custom third-party surveys

Question # 3

What are the reasons for highs and lows of statistical data points?

A.

Pay philosophy, job tenure, variations in responsibility

B.

Job title, geographic location, industry sector

C.

Company size, job level, education level

D.

Age, gender, race

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