George has been working as a laborer at a construction company for five years. He is very diligent on the job and has never been late. As his skills have grown, he has become more like the manager of the work crew. He makes sure everyone has the correct tools and information to do their jobs effectively. George is a real asset to the team. Today, George shows up at work to discover a work crew manager has been hired to oversee the crew. He discovers that the new manager is paid $20 an hour. To apply equity theory, what additional information do we need

We need to know how much George is being paid.

Explanation:

Equity theory states that employees are motivated by fairness in the workplace, the definition of fairness here being getting a reward proportional to one's effort, abilities, and job performance.

George is described as a very competitive worker who has become more like the manager of the crew. This statement tells us that he is likely not formally a manager within the organization hierarchy, and could be getting less than $20 an hour, the compensation that the newly hired manager will receive.

According to Equity theory, George should at least be paid $20/hr, or even more, because he has been succesful in managing his coworkers even if he does not hold that title.

answer; /// i do believe the correct answer is (30,000);

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know