Internal Equity Pay Comparison Is

question 31

Multiple Choice

Internal equity pay comparison is

• A)influenced primarily by an organization's choice of pay level.
• B)the primary administrative tool organizations use in choosing a pay level.
• C)focused on what employees within the same organization but in different jobs are paid.
• D)determined using market pay surveys.
• E)more likely to influence the decisions of applicants to accept job offers than external equity pay comparison.

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Definitions:

Economic Policy

Strategies and actions taken by the government to manage its economic affairs, aiming at objectives like sustainable growth, high employment, and stable prices.

Utility

A measure of the satisfaction, usefulness, or value that a consumer receives from consuming a product or service.

Subjective Benefit

The personal value or advantage gained by an individual from a product or service, which varies from person to person.

Course of Action

A plan or strategy intended to accomplish a specific goal or resolve a problem.