Using Equity Theory in Practice Can Be Difficulty,because You Don't

question 33

True/False

Using equity theory in practice can be difficulty,because you don't know employees' reference groups and their views of inputs and outcomes.

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Definitions:

Functional Areas

Distinct categories within an organization, each focused on a particular aspect of the business, such as marketing, finance, or human resources.

Specialization

A focus or concentration on a particular area of expertise, leading to increased efficiency and skill in that area.

Total Cost of Ownership

The comprehensive assessment of the direct and indirect costs associated with the purchase and operation of a product or system over its entire lifespan.

Centralization

A process where decision-making authority is concentrated at a single point in the organization, often at the top management level.