The relationship between the relative worth of jobs and their wage rates can be represented by means of a
A)regression line.
B)wage survey.
C)salary progression chart.
D)wage curve.

Question

Quizplus · Accepted Answer

A wage curve is a graphical representation of the relationship between the relative worth of jobs and their wage rates. It shows the wage rates of different jobs plotted against their relative value to the organization, typically based on factors such as skill, education, experience, and responsibility. The curve typically slopes upward and to the right, indicating that as the value of a job increases, so does its wage rate.

The Relationship Between the Relative Worth of Jobs and Their