According to the Principle of _________,Two Jobs of Equal Value

question 32

Multiple Choice

According to the principle of _________,two jobs of equal value to the organization should have similar pay scales,regardless of whether most employees in the jobs are men or women.

• A)comparable worth
• B)equality
• C)job evaluation
• D)essential worth

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Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like demand, cost of service, or market competition.

Single-Price Monopoly

A market condition where a monopolist sets one price for all consumers of its product, without price discrimination.

Price Elasticity

Measurement of consumer demand variations for a good due to alterations in its price, signifying the degree of consumer sensitivity to these changes.

Discount Coupons

Discount coupons are vouchers that offer a reduction in price for specific items or services, encouraging consumers to make purchases.