An Organizational Pay Policy That Pays Above the Market Rate

question 43

Multiple Choice

An organizational pay policy that pays above the market rate is known as a _____ policy.

• A) lag
• B) discriminatory
• C) match
• D) lead
• E) advance

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Definitions:

Marxian Theory

A socio-political and economic ideology originating from Karl Marx, focusing on class struggle, the impacts of capitalism, and the advocacy for a classless society.

Harry Braverman

A Marxist scholar known for his work on labor and the degradation of work in capitalist societies, highlighting the separation of conception and execution in the labor process.

White-Collar Workers

Employees performing professional, managerial, or administrative work, typically characterized by higher education levels, office settings, and non-manual labor.

Bourgeois Exploitation

The economic and social exploitation of the working class by the capitalist class (bourgeoisie), as theorized in Marxist analysis, where the value produced by labor is appropriated by the owners of capital.