In the Context of Restoring Equity, Which of the Following

question 83

Multiple Choice

In the context of restoring equity, which of the following statements is true?

• A)Decreasing outcomes is one way to restore equity.
• B)People who perceive that they have been underrewarded may try to restore equity by increasing their inputs.
• C)Asking for a raise can reduce equity.
• D)​Rationalizing or distorting inputs or outcomes can help restore equity.
• E)Retaining one's referent helps restore equity.

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Definitions:

Fixed Costs

Expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Variable Cost Per Unit

The cost that varies with the level of output or activity and is typically assessed on a per-unit basis.

Fixed Cost Per Unit

This is the calculated cost assigned to each unit of production, derived by dividing the total fixed costs by the number of units produced.

Estimated Cost

A projection or approximation of the cost to produce a product or complete a project.