Which of the Following Sets of Events Would Most Likely

question 133

Multiple Choice

Which of the following sets of events would most likely cause an increase in the price of a new house?

• A) higher wages for carpenters,higher wood prices,increases in consumer incomes,higher apartment rents,increases in population,and expectations of higher house prices in the future
• B) lower wages for carpenters,lower wood prices,increases in consumer incomes,higher apartment rents,increases in population and expectations of higher house prices in the future
• C) lower wages for carpenters,higher wood prices,decreases in consumer incomes,higher apartment rents,decreases in population and expectations of higher house prices in the future
• D) higher wages for carpenters,lower wood prices,decreases in consumer incomes,lower apartment rents,decreases in population and expectations of lower house prices in the future

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Definitions:

Extrinsic Reward

A reward from an external source, often tangible, such as money, grades, or tokens, provided to motivate behavior.

Competencies

The combination of skills, knowledge, and behaviors that are needed to perform a role or task effectively.

Skill-based Pay

A compensation strategy that rewards employees for the skills and knowledge they possess, rather than for their job title or position.

Organization Performance-based

Refers to the concept of evaluating and managing the performance of an organization based on specific outcomes and results rather than solely on processes.