A High Level of Pay Relative to That of Competitors

question 69

Multiple Choice

A high level of pay relative to that of competitors can ensure that

• A)the company's overall labor costs are low.
• B)employees are highly satisfied with the work.
• C)the organization is always in the growth stage.
• D)organizational productivity is satisfactory.
• E)the company attracts high-quality employees.

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Definitions:

Average

A statistical measure representing the central or typical value in a set of data, calculated primarily as the mean, median, or mode.

Total

It refers to the whole amount, quantity, or number of something, considered without divisions or exceptions.

Relative Frequency

The ratio of the number of times a particular event occurs to the total number of trials or instances.

Distribution

In logic, refers to the manner in which terms in propositions are applied to all of their potential subjects or only to some.