Clearly the Amount of Money an Employee Is Paid Is

question 45

Multiple Choice

Clearly the amount of money an employee is paid is related to job satisfaction. In addition to the amount of pay, what other factor plays an important role in satisfaction?

• A) the pay scale is perceived to be fair
• B) the pay scale is perceived to be biased in favor of your particular social group
• C) the pay scale is perceived to be weighted in favor of new employees
• D) nothing; no factor other than the amount of pay is related to satisfaction

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Definitions:

Interest

The cost of borrowing money, often expressed as a percentage of the amount borrowed, paid to the lender over a specified period.

Time-Value

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

Money

Any item that is generally acceptable to sellers in exchange for goods and services.

Present Value

A calculation of today's value of money to be received in the future or ongoing cash flows, based on a given rate of return.