I Expect That My Wages Will Increase Over Time

question 27

Multiple Choice

I expect that my wages will increase over time. What theory justifies this expectation?

• A) compensating differential
• B) life-cycle wage pattern
• C) efficiency wage
• D) occupational crowding
• E) samaritan's dilemma

---

Definitions:

Stock Options

Financial incentives offered to employees, providing them the right to purchase company stock at a set price for a specific time period.

Piecework Rates

A compensation system where employees are paid a fixed rate for each unit produced or action performed, rather than receiving an hourly wage.

Standardized Jobs

Positions characterized by uniform tasks, requirements, and qualifications across different settings or organizations.

Retention Bonuses

Financial incentives offered to employees to encourage them to stay with the company for a specific period.