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Define job evaluation.
Definition: Job evaluation is a systematic process of evaluating various jobs of an organization. Depending on the characteristics and needs of a job, job evaluation finds out its relative worth and attaches a value to this. These relative values of jobs help in deciding wage rates and salaries for various jobs.
Kentwood Electronics manufactures three components for stereo systems: CD players, tape decks, and stereo tuners. The wholesale price and manufacturing cost of each item are: Compo
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