Final answer:
Internal fit refers to how the organization's work system supports its goals and strategies, while work-content factor is most predictive of job satisfaction, not financial rewards.
Step-by-step explanation:
The work system that supports the organization's goals and strategies is known as internal fit. When it comes to overall job satisfaction, research suggests that the work-content factor, which includes job variety, difficulty level, and role clarity, is the most predictive element.
This means that the substance of the work itself is key to how employees feel about their jobs, while factors like financial rewards, although important, are not as influential in the long term for job satisfaction.
Pay equity, in turn, refers to the principle that jobs requiring comparable skill, training, or education should receive equal pay. Meanwhile, external fit relates to how an organization's work system aligns with the external environment, such as culture, laws, and market trends.