Which of the Following Terms Best Describes the Principle Stating

question 13

Multiple Choice

Which of the following terms best describes the principle stating that when allocating effort among a variety of tasks,employees will tend to exert more effort toward those tasks that are rewarded?

• A)Effort allocation principle
• B)Premium principle
• C)Compensation principle
• D)Risk-reward principle
• E)Multitask principle

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Definitions:

Labor Supply

The total hours that workers wish to work at a given wage rate, reflecting the workforce availability for employment in an economy.

Workers Employed

Refers to individuals who are currently holding a job in the economy, contributing to the production of goods and services.

Union Established

The formation of a labor union, an organization that represents workers' interests to employers.

Salary Disparity

The variation in pay that exists between employees within a company, sector, or economy, often due to factors such as experience, education, or gender.