__________ Deals with Perceptions of Equity in the Allocation of Reward

question 33

Multiple Choice

__________ deals with perceptions of equity in the allocation of reward or penalties given by the organization.

• A)Defined justice
• B)People (employee)justice
• C)Distributive justice
• D)Procedural justice
• E)Demanded justice

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Definitions:

Price Elasticity

A measure in economics of how the quantity demanded of a good or service changes in response to a change in its price.

Quantity Supplied

The amount of goods or services that producers are willing and able to sell at a specific price.

Inferior Good

A type of product for which demand decreases as the income of the consumer increases.

Cross Elasticity

Cross elasticity of demand measures the responsiveness of the demand for a good to a change in the price of another good, identifying substitute or complementary relationships.