Jack Buys a Computer from Sam, Knowing Fully Well That

question 104

Multiple Choice

Jack buys a computer from Sam, knowing fully well that the technology used in it is obsolete.In this case, the trade is

• A)beneficial to both parties.
• B)beneficial only to Sam.
• C)beneficial only to Jack.
• D)not beneficial to either of them.

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Definitions:

Internal Equity

A pay strategy ensuring fairness in employees' wages within the same organization, based on job value and employee contribution.

External Equity

A principle in compensation management that ensures an organization's pay rates are competitive with those in the external labor market.

Hay Profile Method

A job evaluation technique that assesses roles based on knowledge, problem solving, accountability, and working conditions to determine pay scales.

Clerical Employees

Workers who perform administrative and office duties, such as answering phones, typing, filing, and record keeping.