Match the Options Below with the Correct Phrases

question 37

Multiple Choice

Match the options below with the correct phrases:
-demotion

• A)a thorough investigation of a job that leads to a job description and job specification
• B)a reduction of pay, status, and responsibilities
• C)negatively singling out a demographic group by using employment criteria
• D)a goal-oriented and timely plan to give priority to hiring or promoting specific groups
• E)a personnel manager
• F)negotiations between employer and union
• G)the use of illegal criteria in making employment decisions against members of specific groups
• H)where employment applicants are screened and tested
• I)efforts to acquire knowledge, skills, etc., to improve employee performance
• J)various types of financial pay to employees
• K)a study to determine job worth and level of compensation
• L)legislation to protect against discrimination
• M)compensation above and beyond pay

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Definitions:

Market Inequalities

Disparities that exist within the economic market system, often reflecting differences in wealth, income, and access to resources.

Opportunity Cost

The forgone benefit that would have been derived by an option not chosen.

Next-best Activity

The alternative that must be forgone to engage in a particular activity, representing the opportunity cost of that decision.

Economics

The social science that studies how individuals, governments, firms, and nations make choices on allocating resources to satisfy their wants and needs.