Define what an occupation is. Using the example of pharmacists and a pharmacy technician in Chapter ...

Define what an occupation is. Using the example of pharmacists and a pharmacy technician in Chapter 2, explain the rationale for differences in pay within this occupation.
 
  What will be an ideal response?

Question 2

Which factors account for considerable variation in pay between occupations?
 
  A) employment laws
  B) interindustry wage differentials
  C) relevant labor market
  D) knowledge, skills, and abilities

Question 3

On average, Gina would be more likely to earn ________ money if she were to work as a sales clerk for a department store rather than as an assembly technician in an aircraft engine manufacturing plant.
 
  FIll in the blank with correct word.

Question 4

Which factors account for considerable variation in pay within occupations?
 
  A) employment laws
  B) interindustry wage differentials
  C) relevant labor market
  D) knowledge, skills, and abilities

Question 5

Which term best describes the extent to which companies' operations are based on the use of large-scale equipment?
 
  A) manufacturing capital intensity
  B) human capital intensity
  C) capital intensity
  D) financial capital intensity

Question 6

John and Mark hold equivalent secretarial jobs, but John, who makes 20 percent more than Mark, is employed by a manufacturing firm while Mark is employed by a department store.
 
  Based on this information, which of the following best explains this pay differential?
  A) interindustry wage differentials
  B) differences in human capital intensity
  C) merit exception of the Equal Pay Act of 1963
  D) John's stronger negotiation skills