Problem
1. In what way does agency theory provide understanding for pay as an important component of the organizational reward system?
2. Is pay an effective organizational reward? Does the fact that the chief executive officer makes 20 times as much as the lowest-paid member of the company have any effect on the value of pay as a determinant of organizational performance?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.