A Successful Compensation Scheme

question 195

Multiple Choice

A successful compensation scheme

• A)must pay workers with comparable skills a comparable wage.
• B)must induce effort from workers and ensure that both employer and employees benefit.
• C)must enable workers to enjoy a certain standard of living and must enable employers to earn a normal rate of return.
• D)must allow employees to participate in a firm's profits.

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Definitions:

Collective Unconscious

A concept in psychology that refers to the part of the unconscious mind which is derived from ancestral memory and experience and is common to all humankind.

Personal Unconscious

Carl Jung's term referring to all information that is present within an individual's mind, but not currently in conscious awareness.

Pre-human Ancestors

Earlier forms of life from which modern humans have evolved, typically including various extinct hominids and other primates.

Subconscious

Refers to the part of the mind that is not currently in focal awareness but can influence thoughts and behavior.