If Labor Were Completely Mobile Between Muncie,Indiana,and Lexington,Kentucky,and the Cost

question 62

Multiple Choice

If labor were completely mobile between Muncie,Indiana,and Lexington,Kentucky,and the cost of living was the same in each city,we would expect to find that

• A)accountants in Muncie earn the same wage rate as garbage collectors in Lexington
• B)garbage collectors in Lexington earn more than accountants in Muncie
• C)garbage collectors in Muncie earn the same wage rate as accountants in Lexington
• D)all accountants in Lexington would earn the same wage rate
• E)accountants in Muncie earn the same wage rate as accountants in Lexington

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Definitions:

Open-Book Management

A business approach where financial and performance data are shared with all employees to foster involvement and accountability.

Stock Ownership

The holding of shares in a company, representing a claim on the company's assets and earnings.

Society For Human Resource Management

A professional organization dedicated to the advancement of human resource practices and the professional development of HR professionals.

Flextime

A flexible work scheduling arrangement that allows employees to choose their work hours within agreed-upon limits.