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A survey shows the average pay for senior accounting clerks is 1,570/mth. Your midpoint for senior-accounting clerks is 1,670 and the average actual pay is 1,550. What is your compa-ratio for accounting clerks? What is your market index?
Suggested Answer: A
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13 comments · newest first
EL
Elsa
12 months ago
I agree, .928 compa makes sense with those numbers.
CA
Carmen
12 months ago
Really? I thought the midpoint was higher than that!
LO
Loreen
1 year ago
Wait, how does that market index work?
DA
Danica
1 year ago
I think the compa-ratio is .928.
LI
Linwood
1 year ago
The average pay is 1,570/mth, right?
AN
Annalee
1 year ago
I feel like the average pay being lower than the midpoint might suggest a lower compa-ratio, but I'm not confident about the market index part.
HO
Horace
1 year ago
The market index seems tricky. I practiced a similar question, but I can't recall the exact steps for calculating it.
KR
Krissy
1 year ago
I think the compa-ratio is calculated by dividing actual pay by the midpoint, so I might lean towards option A or B.
DO
Dorathy
1 year ago
I remember calculating compa-ratios in class, but I'm not sure if I got the formula right for this one.
BU
Bulah
1 year ago
Okay, I've got this. The key is to identify the principle that is not one of the three mentioned in the question stem. Let me analyze each option closely.
AL
Alaine
1 year ago
The market price is the equilibrium price, right? I think that's what option A is getting at, so I'll go with that.
LO
Louis
1 year ago
This question seems straightforward. I think the key is to focus on how agile environments handle changes and cost estimation differently than traditional project management.
HO
Horace
1 year ago
I think one of the practice questions talked about capitation covering specific services like lab tests and immunizations. That might relate to this.