Overlapping ________ Give the Organization More Flexibility in Transferring Employees

question 95

Multiple Choice

Overlapping ________ give the organization more flexibility in transferring employees among jobs, because transfers need not always involve a change in pay.

• A) pay rates
• B) pay ranges
• C) pay policies
• D) pay differentials
• E) pay ranks

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Definitions:

Marginal Utility

The incremental pleasure or value received from consuming one more unit of a good or service.

Marginal Utility Schedules

Tables or graphs that show the relationship between the quantity of a good consumed and the utility (satisfaction) that is gained from each additional unit.

Total Utility

The complete satisfaction or advantage gained from consuming a specified overall amount of a product or service.

Utility-Maximizing

A principle of economics that assumes consumers aim to achieve the highest level of satisfaction possible from their available resources.