When Jobs in an Organization Are Valued Against Each Other

question 10

Multiple Choice

When jobs in an organization are valued against each other rather than against some external standard of what is typically a "male" job or a "female" job this is known as:

• A) minimum wage.
• B) living wage.
• C) comparable worth.
• D) internal equity.
• E) external equity.

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Definitions:

Public Sector

The portion of an economy that is controlled by the government, encompassing government services, enterprises, and state-owned entities.

Private Sector

The part of the economy that is owned and operated by private individuals and corporations, as opposed to the government or public sector.

Price Mechanism

The manner in which the prices of goods or services affect the supply and demand of those goods or services.

Equitable Distribution

The fair and just allocation of resources among members of a community or economy.