Equity Theory Uses the Ratio of Output You Get from Your

question 141

Multiple Choice

Equity theory uses the ratio of output you get from your job to the amount of ________.

• A)input you put into your job
• B)output a referent gets from a job
• C)benefit you get from your job
• D)compensation you get from your job

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Definitions:

Lowest Cost

Refers to the minimum expense required to acquire a product or service while maintaining desired quality and efficiency.

Customers

Individuals or entities that purchase goods or services from a business, playing a key role in the company's success.

Conscious Marketing

Ethical marketing practices that consider the welfare of society and the environment in decision-making.

Stakeholders

Individuals or groups that have an interest in any decision or activity of a business, including employees, customers, suppliers, and investors.