Susan (PhD

question 59

Multiple Choice

Susan (Ph.D.) , Peggy (MA) and Steve (BA) are all first grade teachers in a large urban school. Each of them teaches the same number of children in a typical classroom setting (not gifted or special needs children) . Each of them have 10 years of classroom experience. All have received excellent performance evaluations in the past. Each is an organizational good citizen, helping wherever they are needed. Susan is paid $10,000 a year more than Peggy, who is paid $5,000 a year more than Steve. What type of pay system does the school probably use?

• A) an illegal one
• B) market-based pay
• C) point rating method
• D) skill-based pay
• E) Hays Guide Chart system

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Definitions:

Total Product

The overall quantity of goods or services produced by a firm within a specific period.

Average Variable Costs

The total variable costs of production divided by the quantity of output produced.

Workers

Individuals engaged in any form of employment, contributing labor for the production of goods or services.

Units

Basic quantities or measures adopted to quantify and measure variables.