What Is a Main Characteristic of Consumerism

question 13

Multiple Choice

What is a main characteristic of consumerism?

• A) It is inevitable.
• B) It is a source of constraint.
• C) It is the main cause of commodification.
• D) It is a source of freedom.

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Definitions:

Job Evaluation

The process of analyzing and assessing various jobs systematically to ascertain their relative worth in an organization.

Pay Compression

A situation where there is little difference in pay between employees regardless of their skills, experience, or job responsibilities.

Pay Inversion

In pay inversion, the external market changes so rapidly that new employees are actually paid more than experienced employees.

Skill-Based Pay

Rewards employees for acquiring new skills.