You Graduated from College Two Years Ago and Began Working

question 44

Multiple Choice

You graduated from college two years ago and began working at Hampstead Electronics. You have received good performance evaluations and a raise. You just found out that your organization has hired a recent college graduate with no experience at a higher salary than you are now making. You consider this an unfair act and resolve to do something about it.
-Which of the following theories best describes such a situation?

• A) equity theory
• B) two-factor theory
• C) goal-setting theory
• D) theory of needs
• E) self-determination theory

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Definitions:

Relevant Market

A market segment defined by the interchangeability of goods or services, determined by factors such as geographic reach, product characteristics, and consumer preferences, used for analyzing competition and regulatory concerns.

Horizontal Merger

A business consolidation that occurs between firms operating in the same industry, often aimed at achieving economies of scale, efficiencies, or increased market share.

Vertical Merger

A vertical merger involves the combination of companies that operate at different stages of the production process for a specific good or service, aiming to increase efficiency or control over supply chains.

Conglomerate Merger

A type of merger where two or more companies in unrelated business sectors combine.