According to Equity Theory,if Workers Perceive That Their Level of Effort

question 106

True/False

According to equity theory,if workers perceive that their level of effort is greater than their compensation,they will work to increase their productivity.

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Definitions:

Wage Rate

The fixed amount of compensation or payment provided to an employee by an employer in return for work performed, typically expressed per hour or year.

Utility Maximizer

An individual or entity that seeks to achieve the highest level of satisfaction possible from their consumption choices, given their resources.

Net Seller

An individual or entity that sells more than it purchases in a given market, often resulting in a net inflow of funds.

Net Buyer

An entity or individual that purchases more of a commodity or asset than they sell in a specific period.