Which of the Following Is a Likely Consequence of an Internal

question 68

Multiple Choice

Which of the following is a likely consequence of an internal equity perception?

• A)Attraction of efficient employees
• B)Retention of quality employees
• C)Labor costs
• D)Job rotation
• E)Pay scales of competitors

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Definitions:

Market Price

The present cost at which a service or asset is available for purchase or sale.

Output

The total amount of goods and services produced by an economy, a sector, or a business over a specific period of time.

Economic Profit

The difference between the firm’s total revenues and its total costs, including both the explicit and implicit cost components.

Economic Losses

Occur when a company's total costs exceed its total revenues, leading to negative profitability.