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Wage Differences Across Jobs Reflecting the Fact That Some Jobs

question 187

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Wage differences across jobs reflecting the fact that some jobs are less pleasant than others are called efficiency wages.


Definitions:

Personal Prejudice

Biases or preconceived opinions individuals hold that can affect their judgment or interactions with others.

Halo Effect

A psychological phenomenon where an individual's overall impression of a person, brand, or product positively influences their feelings and thoughts about that entity's specific traits.

Strictness

The quality of exacting standards or stringent enforcement of rules, often applied in disciplinary contexts.

Performance Appraisals

The process of evaluating an employee's job performance and productivity in relation to established criteria and organizational objectives.

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