Exam 9: Evaluating the Market

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Which of the following best explains why current employers do not seem to reduce wages for existing employees in the short term when the supply for a particular set of skills far outstrips the demand?

(Multiple Choice)
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Compensation surveys reflect the value placed on jobs by the labour market,but this does not always mean that the market values jobs fairly.

(True/False)
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Informal surveys have poor reliability and validity.

(True/False)
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Discuss some of the advantages and disadvantages of in-house surveys.

(Essay)
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What critical assumption underpins labour market compensation surveys that may serve to illustrate the need for pay equity legislation?

(Multiple Choice)
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