Which of the Following Scenarios Is Reflective of an Organization

question 29

Multiple Choice

Which of the following scenarios is reflective of an organization displaying procedural justice in their reward system?

• A) Pay is not similar for employees performing at the same general level.
• B) Pay is attached to increases in consumer price indexes regardless of actual performance.
• C) Employees are able to appeal pay increase decisions using a transparent appeal process.
• D) Employees are not able to articulate when and how pay increases are provided.

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Definitions:

Non-Interest-Bearing Note

A promissory note that does not accrue interest over time, meaning the borrower only repays the principal amount.

Note Payable

A written promise to pay a specified amount of money, usually with interest, at a future date, classified as a liability on the balance sheet.

Cash

Money in the form of currency that can include bank notes and coins, available for transactions and investments.

Present Value

The value, as of now, of a forthcoming amount of money or cash flows over time, determined using a designated rate of return.