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Quantitative Principles in Compensation Management
Last Update: Jul 19, 2024
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Quantitative Principles in Compensation Management Practice Questions

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Quantitative Principles in Compensation Management Questions and Answers

Questions 1

A true, absolute zero exists for which level of measurement?










Questions 2

How can compensation professionals ensure their statistical data are not distorted?



Use statistical software, which prevents distortion of data.


Develop a plan that provides an objective approach to collecting, organizing and displaying data


Avoid training that shows how data can be distorted, as that training might cause one to distort data subconsciously.


Distortion of data is commonly accepted as a method for making compelling arguments for change in orgs.

Questions 3

Which of the following provide useful guidelines for grouping data into categories?



Use a constant width for all categories


Use mutually exclusive categories


Do not allow categories to overlap


All of the above