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Internal Equity in Compensation Requires That Pay Be Directly Related

question 74

True/False

Internal equity in compensation requires that pay be directly related to the rate perceived as fair in the local marketplace.


Definitions:

Cognition

The mental action or process of acquiring knowledge through thought, experience, and the senses.

Cognitive System

A conscious, rational, and controlled system of thinking.

Experiential System

Part of dual-process theories of cognition, referring to the intuitive, automatic, and often emotional way of processing information.

Schema

A mental structure, stored in memory, that is based on prior knowledge.

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