Internal Alignment Refers Primarily To

question 33

Multiple Choice

Internal alignment refers primarily to:

• A)the pay relationships among jobs, skills, and competencies within a single organization
• B)the pay relationships in a geographic region
• C)the strategy of paying above market salaries
• D)the value of the work of one individual compared to that of another individual
• E)the pay relationships of all jobs within the same industry

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Definitions:

Endowment Effect

A cognitive bias that causes individuals to value an owned object higher than it would be valued if it were not owned.

Frame Dependence

Refers to the phenomenon where an individual's decision-making is influenced by the way information is presented, rather than just the information itself.

Law of Small Numbers

A cognitive bias that leads people to draw broad conclusions from small data sets or limited observations.

Affect Heuristic

A mental shortcut that allows people to make decisions and solve problems quickly based on their emotions and feelings.