According to Equity Theory, __________ Exists When an Individual Feels

question 122

Multiple Choice

According to equity theory, __________ exists when an individual feels that he or she has received relatively less than others have received in proportion to work inputs.

• A) felt negative inequity
• B) perceived positive inequity
• C) internalized negative inequity
• D) tacit negative inequity
• E) assumed negative inequity

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Definitions:

Direct Labor

The cost of wages for employees who are directly involved in the production of goods or the provision of services.

Finished Goods Inventory

The stock of completed products ready for sale at the end of an accounting period.

Raw Materials

Raw materials are the basic materials from which products are manufactured or made, often used in the initial stages of the production process.

Factory Overhead

Every manufacturing-related expense, apart from direct labor and materials.