When Determining How to Set Their Level of Wages, an Organization

question 15

Multiple Choice

When determining how to set their level of wages, an organization should consider the following:

• A) Leading the market will not attract more or better applicants.
• B) Paying at market will help control labor expenses.
• C) Lagging the market will lead to increased pay satisfaction.
• D) Leading the market will create turnover.
• E) Paying at market will decrease the number of applicants.

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Definitions:

Visuo-spatial Ability

Visuo-spatial ability is the capacity to identify visual and spatial relationships among objects, crucial for tasks ranging from reading maps to packing.

Reactivity

The degree to which a substance can undergo a chemical reaction with itself or other substances.