To Be Effective,organizational Reward Systems Should Provide All of the Following

question 16

Multiple Choice

To be effective,organizational reward systems should provide all of the following EXCEPT:

• A) a sufficient level of rewards to fulfill basic needs.
• B) equity with the external labor market.
• C) treatment of members of the organization in terms of organizational needs.
• D) equity within the organization.

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Definitions:

Resources Are Scarce

The economic principle that the amounts of natural resources, goods, and services available are limited in relation to the desires and needs of people.

Households

The basic economic unit of a society, typically consisting of people living together in the same dwelling.

Societies

Groups of individuals who share a common culture, institutions, or identity, often living together within a defined geographical area.

Economics

The social science that studies how individuals, businesses, governments, and nations make choices on allocating resources to satisfy their needs and wants.