Bill Says,"I Don't Trust the Way the Company Determines Pay

question 43

Multiple Choice

Bill says,"I don't trust the way the company determines pay rates in my department." Bill is most concerned about _____.

• A) procedural justice
• B) distributive justice
• C) internal equity
• D) external equity

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Definitions:

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Net Income

The total profit or loss of a company after all revenues, expenses, and taxes have been accounted for.

Owner's Equity

Owner's equity represents the owner's claim to the assets of a business, calculated as the business's total assets minus its total liabilities.

Salvage Value

is the estimated residual value of an asset at the end of its useful life.