Which of the Following Statements About Wage Gap Is True

question 48

Multiple Choice

Which of the following statements about wage gap is true?

• A)Wage gap is found primarily among those with higher levels of education.
• B)Women's employment is equally distributed across diverse occupations.
• C)Wage gap can be accounted for by the firm's compensation policies to some extent.
• D)Wage gap and pay equity are interchangeable terms.
• E)Wages of men in small firms are 54 percent higher than wages of men in large firms.

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Definitions:

Opportunity Cost

Opportunity cost represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.

High End Stores

Retailers that sell luxury or premium products and services, often characterized by high prices and quality.

Wealthy Professors

Academics or educators who possess a high net worth, often through salaries, investments, publications, or other income sources.

Opportunity Cost

The value of the next best alternative forgone as the result of making a decision; essentially, the cost of choosing one option over another.