Although the Rate of Inflation Is Only 2 Percent, Kayla

question 17

Multiple Choice

Although the rate of inflation is only 2 percent, Kayla receives a 6 percent increase in salary. But she is dissatisfied with her salary increase due to Bob's 9 percent increase. Kayla would contend that there is a lack of:

• A)perceptual justice.
• B)outcome fairness.
• C)procedural justice.
• D)interactional justice.
• E)task justice.

---

Definitions:

Cost-Plus Approach

A pricing strategy where a fixed percentage or a fixed amount is added to the cost of the product to determine its selling price.

Fixed Manufacturing Costs

Costs that do not change with the level of production, such as rent, depreciation, and insurance.

Estimated Costs

Projected expenses that are forecasted for future activities or projects.

Cost-Plus Approach

A pricing strategy where a fixed percentage or amount is added to the cost of producing a product or service to determine its selling price.