Which of the Following Is a Likely Result of Firms

question 12

Multiple Choice

Which of the following is a likely result of firms paying efficiency wages?

• A)lesser work effort
• B)a lower wage rate
• C)increased job turnover
• D)reduced supervision costs

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Definitions:

Job Evaluation

A systematic process for determining the relative worth of a job within an organization, often used to establish fair compensation.

Compensable Factors

These are the criteria used to evaluate a job's worth for the purpose of determining appropriate compensation, such as skill level, effort, responsibility, and working conditions.

Subcomponents

Smaller, constituent elements or parts that make up a larger system or component.

Pay Secrecy

A management policy not to discuss or publish individual salaries.