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nydimaria [60]
3 years ago
13

External equity refers to ________. A. how a job’s pay rate in one company compares to the job’s pay rate in other companies B.

how fair the job’s pay rate is when compared to other jobs within the same company C. the fairness of an individual’s pay as compared to what his or her co-workers are earning for the same or very similar jobs within the company, based on each individual’s performance D. the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay
Business
1 answer:
Lerok [7]3 years ago
4 0

Answer: how a job’s pay rate in one company compares to the job’s pay rate in other companies

Explanation: External equity refers to the situation when a company's pay rate differs from the market's pay rate to the employees of the organisation. It is also termed as matching strategy.

It is considered as a major factor in employing and retaining sufficient employees in the organisation. Therefore, lesser the external equity the better it is.

From the above explanation we can conclude that the correct option is A.

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Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $13 of variable costs
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The contribution  margin ratio is 35%

Explanation:

The formula for contribution is given below:

Contribution margin = revenue − variable costs.

Contribution margin ratio is given as:

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In this case,contribution is given as 1000*($20-$13), in other words selling price per unit minus variable cost multiplied by number of units sold.

Contribution is $7000

contribution margin ratio =$7000/($20*1000)

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The implies that Hollis Industries makes a contribution of 35% per unit of output sold,hence, the contribution contributes towards covering fixed costs and making profit overall

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