According to Equity Theory, If Employees Perceive That Their Level

question 50

True/False

According to equity theory, if employees perceive that their level of effort is greater than their compensation, they will work to increase their productivity.

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Definitions:

Collective Ownership

A principle or practice where the assets or property are owned jointly by all members of a group or community, emphasizing shared rights and responsibilities.

Means of Production

The tools, machinery, facilities, and resources used to produce goods and services, often discussed in the context of economic systems and ownership.

Communism

A system of government that eliminates private property; it is the most extreme form of socialism, because all citizens work for the government and there are no class distinctions.

Extreme Form

A manifestation of a phenomenon or condition at its most intense or severe degree.