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Question
One approach a firm may take is to pay employees as little as possible if unemployment is high enough that if one employee leaves, another can be hired. Another approach is to pay employees a living wage because it raises morale and productivity while decreasing turnover and the hiring costs associated with replacing workers. Which position do you take on this issue? Support your answer with specific examples.
Answer
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Related questions
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A. courts
B. governments
C. nonprofits (NGOs)
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A. to pay greater attention to corporate social responsibility
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A. deemphasizes the external context in which the firm operates
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C. there are legal prohibitions to rating companies as good or bad in terms of CSR
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Value creation is the same for every business and every stakeholder.
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A. legal entities in all states of the United States
B. primarily located in European countries
C. different names for the same types of companies
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