An Example of Someone Bearing the Burden of a Negative

question 185

Multiple Choice

An example of someone bearing the burden of a negative production externality would be

• A) Taylor living downwind from a smelly feedlot where pigs are raised.
• B) Jess's roommate smokes and she doesn't.
• C) Lynna's neighbors play loud music late at night.
• D) All of these are examples of someone bearing the burden of a negative production externality.
• E) None of these is an examples of someone bearing the burden of a negative production externality.

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Definitions:

External Equity

The fairness of an employee's compensation as compared to what others in the external job market are receiving for similar work.

Job-Based Pay

A compensation strategy that determines an employee's salary based primarily on the specific job or position they hold.

Competency-Based Pay

Pay based on an employee’s skill level, variety of skills possessed, or increased job knowledge

Hay Profile Method

A job evaluation technique using three factors—knowledge, mental activity, and accountability—to evaluate executive and managerial positions.