A Company Using a Labor Market Model Holds the Philosophy

Multiple Choice

A company using a labor market model holds the philosophy that:

A) the wage rate for any given job is set at the point where the supply of labor equals the demand for that labor in the marketplace.
B) internal equity is more important than external equity in a balanced labor market.
C) egalitarian pay policies are more effective than elitist policies when labor demand is high.
D) nonmonetary rewards are more effective motivators than monetary rewards.