Final answer:
The term 'administrative concept of value' is not a standard term in labor economics; it appears to be a proxy for how a worker's value is administratively determined within an organization, commonly based on factors like skill and effort. The closest related option to this concept in the provided context seems to refer to the average value of wage-determining features evaluated by administrators.
Step-by-step explanation:
In the context of anti-discrimination policy, the administrative concept of value does not directly relate to the term 'administrative concept of value' as it is not a standard phrase used in labor economics or anti-discrimination policies. Instead, we can infer that the closest relevant concept would be related to how the value of a worker is determined within an organization or in the labor market. Typically, a worker's value might be considered through their marginal productivity or how much revenue they generate for their employer through their work.
When looking at the provided options in the question:
a) Refers to a worker's value in terms of economic theory, specifically their marginal product of labor.
b) Suggests a subjective assessment by higher management.
c) Reflects an averaged value based on compensable factors.
d) Corresponds to the classic economic supply and demand determination of wage.
e) Indicates a self-assessment conducted reasonably.
The closest option that fits the typical administrative assessment of a worker's value is option c), which accounts for measurable factors such as skill, effort, responsibility, and working conditions, often evaluated by administrators within an organization.