"Compensating Wage Differentials" Arise Because

question 10

Multiple Choice

"Compensating wage differentials" arise because

• A)workers possess different skills.
• B)workers prefer some jobs to others.
• C)firms pay higher wages for workers with higher marginal productivities.
• D)firms discriminate in hiring.

---

Definitions:

Risks

The potential for losses or negative outcomes resulting from internal or external vulnerabilities or threats.

CEO

Chief Executive Officer; the highest-ranking person in a company or organization, responsible for making overarching decisions.

Naming a Successor

The process of identifying and appointing an individual to take over a role or position after the current holder leaves or retires.

Key Executive

A high-ranking individual in a company who has significant responsibility for managing an essential part of the business.