Of the Theories Listed Below, Which Do the Best Job

question 28

Multiple Choice

Of the theories listed below, which do the best job of explaining why educated people are paid more than uneducated people?

• A)human-capital and price-fixing
• B)human-capital and signaling
• C)wage-differential and signaling
• D)wage-differential and compensating-differentials

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Definitions:

Participative Management Practices

A management approach where employees at all levels are involved in the decision-making process, enhancing collaboration and ownership.

Organizational Productivity

Refers to how efficiently an organization can convert inputs into outputs while maximizing quality and quantity.

Employee Turnover

The rate at which employees leave a company and are replaced by new employees, affecting organizational stability and knowledge continuity.

Family Friendly

Policies or practices that are supportive of employees' family responsibilities, such as flexible working hours or parental leave.