Question

the administrative concept of value refers to cases in which: question 7 options: a) the wage is determined by the average value of the inputs, such as skill, effort, responsibility, etc. b) the administration of a company determines the wage. c) the wage is determined by the value output produced by an additional unit of labour. d) the wage is determined by the marginal value assessed to features of a job. e) the wage is determined by collective agreements.

Answer 1

The administrative concept of value refers to the wage being determined by the average value of the inputs such as skill, effort, responsibility, etc.

Step-by-step explanation:

The administrative concept of value refers to cases where the wage is determined by the average value of the inputs such as skill, effort, responsibility, etc.

This means that the wage is based on the overall value that an employee brings to the company.

It is not determined by factors such as the administration of the company, the value output produced by an additional unit of labor, the marginal value assessed to features of a job, or collective agreements.