Which of the Following Is an Accurate Statement About Equity

question 112

Multiple Choice

Which of the following is an accurate statement about equity theory?

• A)It is based on perceptions of our own situation compared to others who are like us.
• B)It explains why a factory worker resents how much professional baseball players make.
• C)It suggests that people will feel fairly treated if they receive pay increases.
• D)It is a theory based on needs.
• E)It is a motivational theory based on our job characteristics.

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Definitions:

Unemployment Rate

The rate of joblessness among individuals in the labor force who are actively seeking work.

OPEC

The Organization of the Petroleum Exporting Countries, a group of oil-producing nations that aims to manage the supply of oil to stabilize oil market prices and ensure efficient, economic and regular supply to consumers.

Oil Production

The process of extracting crude oil from the earth and preparing it for sale, including exploration, drilling, and refining.

Favorable Supply Shock

An unexpected event that increases the supply of goods or services, typically leading to lower prices for those goods or services.