In the Equity Sensitivity Literature,'entitleds

question 85

Multiple Choice

In the equity sensitivity literature,'entitleds':

• A) feel uncomfortable when they receive more rewards than they should receive.
• B) feel that everyone is entitled to receive the same outcomes no matter what position they hold in the organization or how hard they work.
• C) feel best when they receive proportionately more than others.
• D) frequently experience over reward inequity but rarely experience under reward inequity.
• E) lack any sensitivity to feelings of inequity.

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Definitions:

Allocative Efficiency

A state of resource allocation where goods and services are distributed according to consumer preferences, maximizing overall societal welfare.

Productive Efficiency

A situation where a firm or economy produces output at the lowest possible cost, using all its resources efficiently.

Pure Competition

A market structure characterized by a large number of small firms, a homogenous product, and very easy entry and exit from the market.

Spillovers

Effects of an economic activity that impact third parties who are not directly involved in the activity, potentially leading to externalities.