Equal Pay for Equal Work Specifies That

question 16

Multiple Choice

Equal pay for equal work specifies that

• A) there can be no pay discrimination on the basis of race, gender, or age.
• B) male-dominated and female-dominated jobs of equal value must be paid the same.
• C) jobs with similar titles must be paid the same.
• D) all people doing the same job should receive an identical pay rate.
• E) an employer cannot pay male and female employees differently if they are performing substantially the same work.

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Definitions:

Firm

A business or company engaged in commercial, professional, or industrial activities.

Maximum Profit

The highest possible financial gain a business can achieve in a given period, optimized through revenue and cost management.

Market Price

The current price at which an asset or service can be bought or sold in a given market, determined by supply and demand dynamics.

Firm

A business or company that sells goods or services in an attempt to earn a profit.