When Workers Experience Inequity on the Job, They Tend to Balance

question 31

Multiple Choice

When workers experience inequity on the job, they tend to balance the equity equation by taking longer lunch breaks or requesting a pay raise. These are examples of

• A)behavioral actions.
• B)perceptual actions.
• C)peer comparisons.
• D)social comparisons.
• E)equity sensitivity.

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Definitions:

Consumer Surplus

The discrepancy between the amount consumers are prepared to spend on a product or service and the actual price they pay.

Consumer Surplus

The gulf between the aggregate amount consumers are willing to allocate for a good or service and what they actually end up paying.

Producer Surplus

The variance between the minimum amount producers are prepared to take for a product and the actual payment they get.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing between multiple options.