Which of the following is an external factor that can influence the rates at which employees are paid?
A) the worth of the job
B) the employees' relative worth
C) the employer's ability to pay
D) the cost of living

Question

Quizplus · Accepted Answer

The cost of living, which refers to the average cost of basic necessities such as housing, food, and transportation in a specific geographic location, is an external factor that can impact the rates at which employees are paid. If the cost of living increases, employers may need to increase wages to ensure that employees can afford to meet their basic needs.

Which of the Following Is an External Factor That Can