Naomi Finds Out That She Is Getting a 3% Raise

question 84

Essay

Naomi finds out that she is getting a 3% raise.Later that day she discovers that Ed is getting a 5% raise.Use the concepts of (a)distributive and procedural justice and (b)equality and equity norms of resource distribution to make predictions about how she will feel about her pay raise.

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Definitions:

Speculative

Involving financial actions that carry a significant risk of losing all value but also hold the promise of substantial gains.

Ratings

Assessments or evaluations used to rank or score entities based on certain criteria, such as financial strength or quality.

Money Market Instruments

Financial instruments that provide liquidity and short-term financing in the money market, such as treasury bills, commercial paper, and certificates of deposit.

High-risk Securities

Financial instruments that offer a high potential return but also present a higher likelihood of loss.