It Is Generally More Profitable for a Firm to Pay

question 72

Multiple Choice

It is generally more profitable for a firm to pay workers more than the going wage rate:

• A) in sectors where skills are scarce.
• B) in industries in which worker motivation doesn't really matter.
• C) in areas in which turnover is not very costly.
• D) All of these are true.

---

Definitions:

Oval Window

The membrane-covered opening that leads from the middle ear to the vestibule of the inner ear.

Cochlea

A spiral-shaped, fluid-filled inner ear structure responsible for converting sound waves into nerve impulses.

Productivity

The measure of efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.

Company Culture

The shared values, beliefs, and practices that shape the social and psychological environment of a business.