Which of the Following Statements About External Competitiveness Is True

question 16

Multiple Choice

Which of the following statements about external competitiveness is true?

• A)External competitiveness refers to an organization's pay relative to other organizations.
• B)External competitiveness refers to the total compensation paid by an employer to an employee.
• C)External competitiveness refers to pay relationships among employees of an organization.
• D)External competitiveness refers to the budget allocation for a department relative to other departments in an organization.
• E)External competitiveness refers to the competitiveness between employees of an organization.

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Definitions:

Tax

A binding monetary impost or other form of levy exacted upon a taxpayer by a governmental unit to finance the operation of the government and various public services expenses.

Sellers Receive

The amount of money that sellers are paid for their goods or services, after accounting for costs and expenses.

Tax Imposed

A compulsory financial charge or some other type of levy placed upon a taxpayer by a governmental organization to fund government spending and various public expenditures.

Consumer Surplus

The gap between what a consumer is prepared to spend on a good or service and the price they actually end up paying.