Which of the Following Is an Example of a Compensating

question 313

Multiple Choice

Which of the following is an example of a compensating differential?

• A)Two workers with different levels of on-the-job training earn different salaries.
• B)Two workers whose jobs entail different working conditions earn different salaries.
• C)Two workers whose jobs require different levels of technical expertise earn different salaries.
• D)Two workers with different levels of natural ability earn different salaries.

Identify the factors driving firms to enter or exit the market.

Recognize the role of economic profits and losses in resource allocation and market signals.

Analyze the effects of technological advancements on market supply, prices, and firm profits.

Distinguish between short-run and long-run market adjustments in response to changes in demand and supply.

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Definitions:

Enacted Values

Values reflected in the way individuals actually behave.

Adaptive Firms

Organizations that are able to adjust and change their strategies, structures, and processes in response to environmental changes.

Kotter and Heskett's Study

A research analysis focusing on corporate culture and performance, highlighting the impact of strong organizational cultures on long-term economic performance.

Economic Performance

Refers to the assessment of how well an economy or business entity achieves its objectives in terms of growth, profitability, and sustainability.