Which of the Following Statements Is TRUE of a Variable

question 34

Multiple Choice

Which of the following statements is TRUE of a variable wage formula provision?

• A) A variable wage formula provision is most commonly found in the private sector.
• B) According to the variable wage formula provision, future wage increase is based on the consumer price index.
• C) According to the variable wage formula provision, future wage rate increases depend on the employer's future ability to pay.
• D) Under the variable wage formula provision, employees receive a share of the employer's profits in addition to their regular wages.

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Definitions:

Personality

The combination of characteristics or qualities that form an individual's unique character.

Reality Principle

A concept in psychoanalytic theory referring to the ability of the mind to assess the external world and act upon it accordingly, as opposed to acting on the pleasure principle.

Ego

In psychology, a part of the mind that mediates between the conscious and the unconscious and is responsible for reality testing and a sense of personal identity.

Personality Test

A questionnaire or other standardized instrument designed to reveal aspects of an individual's character or psychological makeup.