Which of the Following Challenges Does an Organization Face When

question 31

Multiple Choice

Which of the following challenges does an organization face when market forces require that some jobs be paid more than is indicated by their relative work?

• A) employment standards
• B) wage and salary policies
• C) productivity
• D) prevailing wage rates
• E) union power

---

Definitions:

Fair Market Value

The price that property would sell for on the open market between a willing buyer and a willing seller.

Insure The House

Entering into a policy agreement with an insurance company to provide protection against damages or losses to one's home, typically against risks like fire, theft, or natural disasters.

Insurable Interest

A stake in the preservation of a subject against loss or damage, legally necessary for an individual to purchase insurance on a life or property.

Property Insurance

A type of insurance covering loss or damage to physical property through accidents, theft, or natural disasters.