Final answer:
The correct conclusion from a correlation coefficient of r=1 is that there is a very strong association between salary and job satisfaction; however, we cannot infer causality between salary and job satisfaction just from the correlation.
Step-by-step explanation:
If a study finds that the correlation coefficient relating job satisfaction to salary is r=1, one of the proper conclusions we can make is option III: There is a very strong association between salary and job satisfaction. A correlation coefficient of 1 indicates a perfect positive linear relationship between two variables. However, it is important to note that correlation does not imply causation, so we cannot conclude that high salary causes high job satisfaction (I) or that low salary causes low job satisfaction (II) based solely on the correlation coefficient.
Research has indicated that the relationship between salary and job satisfaction might not be as strong as other job factors like the work-content factor. Therefore, we should be cautious in drawing any conclusions about causality from a correlation coefficient.