Which of the Following Statements Is False

question 163

Multiple Choice

Which of the following statements is false?

• A)One of the basic principles capitalism is based on is to "trust no one."
• B)To have real competition in a market economy no one business should be able to have any influence over price.
• C)A basic trade-off exists between the goals of equity and efficiency for a society.
• D)The forces of supply and demand will NOT automatically lead to an equitable distribution of income.

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Definitions:

Good Performers

Employees who consistently achieve or exceed their work objectives and contribute positively to the organizational goals.

Valid Performance Measures

The evaluation metrics that accurately and reliably reflect the true performance of an individual or organization.

Performance-Based Pay

A compensation system where an employee's pay is directly related to their performance or achievement of specific targets.

Secret Pay Policy

A strategy where an organization chooses not to disclose employees' salaries or the criteria for salary determination to avoid conflict and maintain privacy.