The Minimum Yearly Cost of a One-Cent-Per-Hour Wage Increase at a Facility

question 25

Multiple Choice

The minimum yearly cost of a one-cent-per-hour wage increase at a facility of 1,000 employees is:

• A) $1,000.
• B) $10,400.
• C) $20,800.
• D) $202,400
• E) approximately $300,000.

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Definitions:

Negative Contrast Effects

A psychological phenomenon where an individual's perception of an option is negatively influenced by a comparison with a better option.

Reinforcement

A process in operant conditioning that increases the likelihood of a behavior being repeated, which can be either positive (by adding a stimulus) or negative (by removing a stimulus).

Negative Contrast Effect

The effect in which a shift from high to low reward magnitude produces a lower level of responding than if the reward magnitude had always been low.

Reward

A beneficial stimulus that increases the likelihood of a behavior being repeated when it follows that behavior.