The Best Remedy for Staving Off Perceptions of Inequity Is

question 222

Multiple Choice

The best remedy for staving off perceptions of inequity is

• A) keeping employees' pay rates as a guarded secret between HR department and the supervisor.
• B) hiring at least one person fewer than you believe the work situation requires.
• C) advocating frequent and open communication among all employees and managers.
• D) reminding employees regularly that they are very fortunate to have jobs.

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Definitions:

Prime Rate

The prime rate is the interest rate that commercial banks charge their most creditworthy customers, often used as a benchmark for various loan products.

Bond Indenture

A legal contract between a bond issuer and the bondholders, outlining the terms, conditions, and covenants of the bond issue.

Floating-Rate Payments

Refers to interest or dividend payments that adjust periodically based on a reference rate, like LIBOR or the Prime Rate.

Fixed-Rate Payments

Payments made in consistent amounts over time in the context of a loan or other financing arrangement, where the interest rate does not change.