Which of the Following Is an External Factor That Can

question 18

Multiple Choice

Which of the following is an external factor that can influence the rates at which employees are paid?

• A) the worth of the job
• B) the employees' relative worth
• C) the employer's ability to pay
• D) the cost of living

---

Definitions:

Competitive Advantage

The attributes or conditions that allow a company to produce goods or services better or more cheaply than its competitors.

Environmental Costs

Expenses associated with the negative impact of a company's operations on the natural environment, including waste disposal, pollution control, and resource depletion.

Climate Change

A significant and lasting change in the statistical distribution of weather patterns over periods ranging from decades to millions of years.

Five Tiers

Refers to a hierarchical approach in various contexts, often used to classify or organize information, objects, or entities across five levels of importance or complexity.