Spencer and Brander's Model Highlights the Existence of

question 42

Multiple Choice

Spencer and Brander's model highlights the existence of

• A) aircraft industries.
• B) excess returns present in highly competitive markets.
• C) excess returns, or rents, available in non-competitive markets.
• D) the futility of government bureaucrats' attempts to build an airplane.
• E) natural advantages in foreign technology firms.

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Definitions:

Pay Inequities

Disparities in compensation among employees that are not based on job performance or qualifications.

Conditions

Specific requirements, provisions, or circumstances that affect an agreement, process, or functioning of a system.

Job Evaluation Method

A systematic process used to assess the relative worth of jobs within an organization for the purpose of establishing equitable salary levels and pay scales.

Benchmark Jobs

Positions that are common across industries, used to make comparisons for purposes of salary surveys and establishing pay scales.