What Are Compensating Differentials

question 50

Multiple Choice

What are compensating differentials?

• A)Nonmonetary benefits from being employed, such as health-care benefits.
• B)Wages paid to workers where the supply of labour is great relative to demand.
• C)Higher wages that compensate workers for unpleasant aspects of a job.
• D)Higher wages that compensate the more experienced workers in a field.

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Definitions:

Empowerment

The process of giving individuals or groups the power, authority, and resources to achieve their potential and influence decisions.

Manager

A role within organizations responsible for planning, leading, organizing, and controlling resources to achieve specific goals.

Authority

The recognized power or right of an individual or institution to make decisions, command respect, and enforce obedience.

Tasks

Specific activities or assignments that are undertaken to achieve a particular objective.