Which of the Following Is NOT True

question 43

Multiple Choice

Which of the following is NOT true?

• A)Greater pay dispersion is related to higher turnover among executives.
• B)Egalitarian structures are a better fit for executive groups that need to work closely as a team.
• C)Large raises with a promotion decreases effort and increases absenteeism.
• D)Employees judge the fairness of their pay structure by making multiple pay comparisons.

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Definitions:

Demand Schedule

A list or table showing how much of a good or service consumers will want to buy at different prices.

Elasticity

The degree to which the demand or supply of a product responds to changes in price or other factors, indicating how adjustments in price can influence market dynamics.

Income Elasticity

A measure of how much the demand for a good will change in response to a change in consumers' income.

Inferior Good

An inferior good is a type of good whose demand decreases when consumer income rises, in contrast to normal goods, whose demand increases with rising incomes.