Higher Wages That Compensate Workers for Unpleasant Aspects of a Job

question 279

True/False

Higher wages that compensate workers for unpleasant aspects of a job are called compensating differentials.

---

Definitions:

Closely Held Corporations

A business entity characterized by a small group of shareholders or owners, with limited public trade of its shares, often managed directly by its owners.

RMBCA

Revised Model Business Corporation Act, a model set of laws prepared by the American Bar Association that is intended to standardize and modernize corporate business practices.

Profit-Sharing Plans

A type of retirement plan that gives employees a share in the profits of the company.

Fourth Amendment

A constitutional amendment in the United States protecting citizens against unreasonable searches and seizures by the government.