A Successful Compensation Scheme

question 195

Multiple Choice

A successful compensation scheme

• A)must pay workers with comparable skills a comparable wage.
• B)must induce effort from workers and ensure that both employer and employees benefit.
• C)must enable workers to enjoy a certain standard of living and must enable employers to earn a normal rate of return.
• D)must allow employees to participate in a firm's profits.

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Definitions:

Relative Deprivation

The feeling of dissatisfaction or injustice from the perception that one is worse off compared to others or compared to one's expectations.

Los Angeles Riots

A series of violent disturbances in Los Angeles, California, in 1992, triggered by the acquittal of police officers caught on video beating Rodney King.

Acquittal

A legal judgment that formally declares the defendant not guilty of the criminal charges against them.

Physical Environment

The natural or man-made surroundings in which an organism lives, including all living and non-living factors.