Which of the Following Statements Is True

question 162

Multiple Choice

Which of the following statements is true?

• A)The Federal funds rate is higher than the prime interest rate.
• B)The prime interest rate is higher than the Federal funds rate.
• C)The Federal funds rate and the prime interest rate are often the same.
• D)The prime interest rate is often the same as the discount rate.

Recognize the influence of product markets and labor markets on organizational pay decisions.

Identify the legal requirements for organizations receiving federal money including prevailing wage laws (Davis-Bacon Act, Walsh-Healy Public Contracts Act).

Understand the concepts of exemption and nonexemption under the FLSA and their implications on employee compensation.

Comprehend the rationale and requirements of pay ratio reporting policies and their implications for organizational transparency.

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Definitions:

Alternative Path Experiment

An experimental design used to explore different or novel ways in which a task can be accomplished or a problem can be solved.

Tolman And Honzik

Researchers known for their studies in latent learning and cognitive maps in rats, demonstrating learning can occur without immediate rewards.

Latent-Learning Experiments

These experiments demonstrate that learning can occur without reinforcement and can be manifested suddenly when a reward is introduced.

Reward

A positive reinforcement that increases the likelihood of a particular behavior being repeated.