Which of the Following Is an Example of Wage Disparity

question 92

Multiple Choice

Which of the following is an example of wage disparity due to compensating differentials?

• A) The median earnings of White men are more than the median earnings of African Americans.
• B) People with graduate degrees usually have higher earnings than people who did not graduate from high school.
• C) Nick Saban, the football coach at the University of Alabama, earns more than an economics professor.
• D) Crab fishermen on the Bering Sea earn more than clerks who sell goldfish at a pet store.

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Definitions:

Leadership

The act of guiding, directing, or influencing followers and orchestrating strategies to achieve a common goal.

Family Business

A business owned and controlled by members of a family.

Succession Plan

A plan for how a firm’s leadership transition and related financial matters will be handled.

Ownership Transfer

The legal process of transferring the title of property, assets, or business from one entity or individual to another.