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

---

Definitions:

Perfectly Competitive

A perfectly competitive market is one where there are many buyers and sellers, all dealing in identical products, and where no single entity can influence the market price.

Perfectly Elastic

Describes a market situation in which the quantity demanded or supplied changes by an infinite amount in response to any change in price.

Demand Curve

A graphical representation showing the relationship between the price of a product and the amount of it that consumers are willing to purchase at various prices.

Perfectly Competitive

A perfectly competitive market is one where there are many sellers and buyers, homogeneous products, and no barriers to entry or exit, resulting in market prices determined by supply and demand.