The Systematic Mis-Estimates That Managers Make of the Pay of Others

question 62

Multiple Choice

The systematic mis-estimates that managers make of the pay of others in their firm suggests that they will often

• A)underestimate the pay of employees.
• B)experience equity with regard to peers.
• C)underestimate the value of a promotion.
• D)overestimate the value of a promotion.
• E)experience equity with regard to employees.

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Definitions:

Money Orders

Prepaid payment instruments issued for a specified amount, guaranteeing payment to the recipient.

Cashier's Checks

A check issued by a bank, drawn on its own funds rather than on one of its depositor's accounts, ensuring the availability of funds for the payee.

Certified Checks

Checks guaranteed by a bank, indicating that the signer had enough funds in their account to cover the amount at the time of certification.

Internal Control Policies

Procedures and protocols implemented by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.