Question: 1) What is a survey? What purpose does it serve in terms of compensation? 2) Who should be involved in designing a compensation survey? 3)

1) What is a survey? What purpose does it serve in terms of compensation?

2) Who should be involved in designing a compensation survey?

3) Explain the low-high approach in selecting jobs for inclusion in a compensation survey.

4) Explain the difference between standard deviation and quartiles and percentiles.

5) What is a market line?

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