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In Equity Theory,each Person in the Relationship Is Compared on the Basis

question 75

Multiple Choice

In equity theory,each person in the relationship is compared on the basis of the ratio of perceived ________ divided by perceived ________.


Definitions:

Cost of Living

The sum of money required to maintain a specific standard of living, covering essential costs like shelter, nourishment, taxes, and medical care.

Economic Conditions

The state of the economy at a given time, including factors like growth rates, unemployment, and inflation.

Job Loss

The act of becoming unemployed through layoffs or termination, affecting an individual's economic standing and often their identity.

Minimum Wage

The lowest legal hourly pay that employers can offer their workers, set by law to ensure a basic standard of living for employees.

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