Which of the following is an external factor that can influence the wage rate?
A) the employer's ability to pay
B) the cost of living
C) the worth of the job
D) the employee's relative worth

Question

Quizplus · Accepted Answer

The cost of living is an external factor that can influence the wage rate as it reflects the general level of prices in an economy and can impact purchasing power and the standard of living for both employers and employees. The other factors listed are internal to the employer-employee relationship and may not be directly influenced by external factors.

Which of the Following Is an External Factor That Can