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Comparable worth
In response to the gender gap, some states and countries have experimented with comparable worth regulations.This tries to close the wage gap by requiring employers to pay people doing jobs of comparable worth the same income.Hence, if firemen get paid more than librarians, but regulators deem that the jobs are of comparable wealth, then wages of librarians would have to rise to match firemen.Advocates of comparable worth policies believe that compensating differentials do not explain differences in wages of men and women.One potential critique this principle of comparable worth is that:
Producing Departments
Departments or divisions within an organization directly involved in producing the goods or services offered to customers.
Fixed Costs
Costs that do not change with the level of production or sales activity within a certain range and period, such as rent, salaries, and insurance.
Cafeteria
A type of food service location within an institution where customers serve themselves from a variety of dishes made available.
Transfer Prices
Prices used for the sale or transfer of goods and services between departments or divisions within the same company.
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