Which of the Following Statements About Pay Strategies Is FALSE

question 25

Multiple Choice

Which of the following statements about pay strategies is FALSE?

• A)Pay is an important job characteristic for almost all applicants.
• B)Organizations have a recruiting advantage if their policy is to pay more than the current market wages for a joB.
• C)Higher pay cannot make up for a job's less desirable features.
• D)Organizations that compete for applicants based on pay may use bonuses,stock options,and other forms of pay besides wages and salaries.
• E)All the above statements about pay strategies are truE.

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Definitions:

Negative Externalities

A situation where a third party suffers from a decision or action made by others, typically not reflected in the market price.

Positive Externalities

Benefits enjoyed by third-party individuals or the society at large, which result from an economic activity but are not reflected in the market prices.

Negative Externality

An external effect of a product or activity that imposes a negative impact on a third party or the environment.

Internalize

The process of taking into account the external effects of economic actions, such as externalities, within the decision-making process.