External equity refers to ________.
A) how a job's pay rate in one company compares to the job's pay rate in other companies
B) how fair the job's pay rate is when compared to other jobs within the same company
C) the fairness of an individual's pay as compared to what his or her co-workers are earning for the same or very similar jobs within the company, based on each individual's performance
D) the perceived fairness of the processes and procedures used to make decisions regarding the allocation of pay
Correct Answer:
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