Setting greater pay differentials at the top of the pay structure is based on:
A. institutional theory
B. tournament theory
C. equity theory
D. marginal utility theory
E. marginal productivity theory
Answer: B
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Which of the following is a criticism leveled against VAR models?
A. VAR models are based on classical rather than Keynesian economic theory. B. Var models are not based on data. C. VAR models are unable to isolate the effects of policy variables because those variables are not exogenous. D. VAR models isolate the effects of policy variables because those variables are exogenous variables.
?When applying lower of cost or market under the LIFO or retail inventory method, market value shouldnotbe less than
A. ?replacement value. B. ?net realizable value. C. ?net realizable value less an allowance for a normal profit margin. D. ?replacement value less an allowance for a normal profit margin.
A state law prohibits firefighters and school teachers from going out on strike. Though they are allowed to organize into collective bargaining units, state law prohibits them from striking. Such a state law:
a. is legal. b. is not legal since the U.S. Supreme Court has ruled such a state law violates the equal protection clause of the Constitution. c. is not legal since the federal law (NLRA) preempts state law. d. is not legal because the right to form unions is illusory without the right to strike.
Which of the determinants of service quality involves having the customer's best interests at heart?
A) access B) courtesy C) credibility D) responsiveness E) tangibles