Martha Has Been a Professor at a Major State University

question 104

Multiple Choice

Martha has been a professor at a major state university for 20 years.Martha loves her work and is satisfied with the university.Because of her high level of publications and her high quality of teaching,Martha has received the highest raises possible every year.Since this a public university,Martha has access to all the salary data for all her fellow professors.She has learned that the last three professors hired in her field at her level were paid one-quarter more than she is paid.This amounts to tens of thousands of dollars.Martha is shocked and gathers data on the job market in her field.She finds that her pay is much lower than the market rate.Martha has encountered

• A) the failure of step progression.
• B) gender- or race-based pay discrimination.
• C) the realization that she is a "red-circled" employee.
• D) pay compression.

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Definitions:

Investment Banks

Financial institutions that assist individuals, corporations, and governments in raising capital by underwriting and acting as the agent in the issuance of securities.

Commercial Banks

Financial institutions that provide loans, accept deposits, and offer basic financial products like savings accounts to the public.

Financial Matters

Issues or activities related to the management, investment, and control of money and assets.

Venture Capital Fund

A fund that invests in high-growth companies in exchange for equity, or ownership stakes, typically in early-stage companies.