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2. Amonu the prominent approaches for conducting a job evaluation include all but a the classification method b. the external equity method c. the ranking method d. the point factor method 22. Market pay strategies include a leading the market b. lag behind the market c. both a Bb d. neither a &b 23. Compensable factors are part of V Market review b. Ranking method c. Classification method d. Point-factor method 24. An important factor regarding market review is a. compensable factors b. labor market competition c. neithera orb cl. both a and b 25. Which total compensation component is designed to reward employees for good performance a. base compensation b. pay incentives c. benefits d. none of the above 26. Internal equality refers to Ca. the extent to which pay for a particular job is competitive to similar jobs in other organizations 16 how pay policies comply with federal, state and local laws c. the fairness of how pay is administered to individual employees d. the fairness of pay rates across jobs within an organization 27. The classification method is a system of job evaluation in which jobs are classified according to a. points b. pay/wage grades c. a ranking method d. none of the above