Frank and Dinah Are Arguing About Their Wages

question 29

Multiple Choice

Frank and Dinah are arguing about their wages.Frank says he should make more money because he puts in longer hours.Dinah says everyone should be paid the same,because everyone's work is important.Frank is basing pay on the ___ norm,but Dinah is relying on the ___ norm.

• A)fairness;parity
• B)equity;equality
• C)equality;equity
• D)parity;fairness
• E)time;load

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Definitions:

Treasury Bills

Short-term government securities with maturities ranging from a few days to 52 weeks, sold at a discount from their face value.

Financial Option

A contract that gives the buyer the right, but not the obligation, to buy or sell an underlying asset or instrument at a specified strike price.

Fixed Price

An agreed upon price for goods and services that remains constant, unaffected by the fluctuations in the market or resource costs.

Risk Averse

A description of an investor's preference for lower risk, opting for surety over a gamble with potentially higher returns but higher uncertainty.