Procedural Equity Refers to

question 5

Multiple Choice

Procedural equity refers to .

• A)how a job's pay rate in one company compares the job's pay rate in other companies
• B)how fair the job's pay rate is, when compared to other jobs within the same company
• C)the fairness of an individual's pay as compared with what his or her coworkers are earning for the same or very similar jobs within the company, based on each individual's performance
• D)the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay
• E)the use of salary surveys to monitor levels paid for jobs industry -wide

---

Definitions:

Reliable Laser

A laser device known for consistent performance and dependability in its intended applications.

Mutual Fund

An investment program funded by shareholders that trades in diversified holdings and is professionally managed.

Annual Management Fee

A charge by investment managers for managing assets, calculated as a percentage of the total assets under management annually.

Overtime Wages

Additional compensation paid to employees for hours worked beyond the standard working hours, typically at a higher rate.