In Equity Theory,what Is the Term for the Fairness of the Process

question 136

Multiple Choice

In equity theory,what is the term for the fairness of the process used to make reward allocation decisions?

• A)process objectivity  
• B)procedural justice  
• C)conventional wisdom  
• D)altruism

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Definitions:

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Educated Labor Force

Individuals within the workforce who have achieved a certain level of education, thereby possessing skills and competencies that contribute to higher productivity and innovation.

Industrial Market Countries

Economically advanced capitalist countries of Western Europe, North America, Australia, New Zealand, and Japan; also known as developed countries and high-income economies.

World Population

The total number of living humans on Earth at a given time, a figure that has been subject to rapid growth over the last century.