A Firm May Pay Efficiency Wages in an Attempt to

question 8

Multiple Choice

A firm may pay efficiency wages in an attempt to

• A)entice workers to work the night shift rather than the day shift.
• B)improve productivity by reducing turnover.
• C)reduce costs by attracting the least-skilled workers to apply for job vacancies.
• D)All of the above are correct.

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Definitions:

Charismatic

Possessing an exceptional ability to attract, inspire, and influence people around them.

Task-Oriented

An approach or behavior focused primarily on completing given tasks or objectives, often highlighting efficiency and effectiveness.

Organizational Situations

Unique sets of conditions, circumstances, or contexts within which organizations operate, affecting decisions and actions.

Situational Approach

Characteristics of the organizational setting influence people’s attitudes and behaviour.