DEFINING COMPETITIVENESS AND PAY PERFORMANCE
Authored by Rolinda Flojo
Business
Professional Development
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14 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
It is the additional output related with the employment of one human resource unit with the other production factors held constant.
Marginal revenue of labor
Marginal product of labor
Labor Demand
2.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
It is the additional revenue generated when the firm employs one additional unit of human resources with other production factors is constant.
Marginal revenue of labor
Marginal product of labor
Labor Demand
3.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Workers compete through qualifications for job with established wages.
Reservation Wage Theory
Human Capital Theory
Job Competition Theory
4.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
The value of an individual skills and abilities is a function of the time and expense required to acquire them.
Reservation Wage Theory
Human Capital Theory
Job Competition Theory
5.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Job seekers won't accept jobs whose pay is below a certain wage, no matter how attractive other job aspects.
Reservation Wage Theory
Human Capital Theory
Job Competition Theory
6.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Above Market wages will improve efficiency by attracting workers who will perform better and be less willing to leave.
Compensating Differentials Theory
Efficiency Wage Theory
Signaling Theory
7.
MULTIPLE CHOICE QUESTION
30 sec • 2 pts
Work with negative characteristics requires higher pay to attract workers.
Compensating Differentials Theory
Efficiency Wage Theory
Signaling Theory
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