In Practice,organizations Use Skills and Competencies to Assess Value of Labor

question 6

True/False

In practice,organizations use skills and competencies to assess value of labor instead of marginal revenue product.

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Definitions:

Nobel Prize

A set of annual international awards given in several categories such as Physics, Chemistry, Medicine, Literature, and Peace, by Swedish and Norwegian institutions in recognition of academic, cultural, or scientific advances.

Referent

An entity or object that another entity or language refers to or denotes.

Expert

An individual with a deep, comprehensive knowledge or skill in a particular area or field.

Referent Power

A form of power that stems from being admired or respected, leading others to identify with the person who has referent power.