Jim Is a Salaried Employee Whose Job Is to Develop

question 63

Multiple Choice

Jim is a salaried employee whose job is to develop content for online web sites. He discovers that he is paid substantially more than his colleagues, even though their jobs and levels of performance are very similar. According to the equity theory, what impact is this discovery most likely to have on his behavior and performance?

• A) He will reduce the amount of work that he does on a daily basis.
• B) He will compare his earnings to those of another group of employees.
• C) He will seek a position within the company commensurate with his pay.
• D) He will increase his productivity and/or the overall quality of his work.
• E) He will begin to look for a position outside of the company.

Recognize the different types of securities a corporation may issue and the rights associated with them.

Grasp the legal implications of defective incorporation and the liability of parties involved.

Understand the significance and content of corporate articles of incorporation and bylaws.

Identify the conditions under which preincorporation share subscriptions are binding and their effects on the corporation.

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Definitions:

Dominant Firm Model

A market structure where one firm has a large market share and sets prices, while other smaller firms follow its pricing strategy.

Fringe Firms

Smaller companies in a market that compete alongside larger firms, often by serving niche segments or employing innovative strategies to maintain market presence.

Monopolist

A seller that is the sole provider of a good or service in a market, thus controlling the market entirely.

Cartel Operation

is the coordination among independent firms within the same industry to control prices, limit competition, or manage the production and distribution of goods.