From an Economic Standpoint,identify the Drawback of a Comparable-Worth Policy

question 47

Multiple Choice

From an economic standpoint,identify the drawback of a comparable-worth policy.

• A) A free-market economy assumes people will not take differences in pay into account when they choose a career.
• B) Employees may conclude that pay rates are unfair.
• C) The pay policy line reflects the pay structure in the market, which does not always match rates in the organization.
• D) Grouping jobs will result in rates of pay for individual jobs that do not precisely match the levels specified by the market and the organization's job structure.
• E) Raising pay for some jobs places the employer at a disadvantage relative to employers that pay the market rate.

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Definitions:

Fear Reduction

The process of diminishing the emotional and physiological response to a perceived threat.

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A traditional English nursery rhyme about a mouse running up a clock.

Operant Behavior

A type of behavior that is controlled by its consequences, including rewards and punishments.