Which of the Following Is an Example of a Compensating

question 42

Multiple Choice

Which of the following is an example of a compensating wage differential?

• A)Nurse anesthetists are paid less than anesthesiologists (who have medical degrees).
• B)Workers in a dynamite mine receive higher wages than if they worked in other jobs that require the same level of skills.
• C)In the market for lawyers, top graduates from the top programs earn starting salaries that are significantly higher than the starting salaries earned by lower-ranked graduates from the lower-ranked programs.
• D)Popular movie stars like George Clooney command much higher salaries than other talented but lesser-known actors.

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Definitions:

Corporate Social Responsibility

The voluntary commitment by businesses to include ethical, social, and environmental considerations in their operations and interactions with stakeholders.

Business Activities

The various actions and tasks companies undertake, such as sales, marketing, manufacturing, and management, to operate and achieve their objectives.

Long-Term Strategies

Approaches or plans of action intended to achieve goals and objectives over an extended period, focusing on future outcomes and sustainability.

Communication Methods

Communication methods include various ways to convey messages between people or machines, such as verbal, non-verbal, written, and digital forms.