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Management · Q965

Labour and Social Welfare

Graduate and Post Graduate · Management · question 965

Q965

Which of the following statements are true/false? 1. Fair wage is above the minimum wage but below the living wage. 2. Living wage is the highest amount of wage proposed by the government. 3. Different states have fixed different minimum wages based on the skill set of the employees. 4. Fair wage works on the formula Equal Pay for Equal work.

A.
1, 3 are true and 2, 4 are false
B.
1, 2, 3 and 4 are true
Answer
C.
2, 4 are true and 1, 3 are false
D.
3, 4 are true and 2, 1 are false

Answer: Option B

Solution

Answer: Option B
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