Question: 6. (a) A firm can decide to pay on the basis of either behaviour or outcomes. Discuss the contribution of agency theory on the decision

6. (a) A firm can decide to pay on the basis of either behaviour or outcomes. Discuss the contribution of agency theory on the decision to pay on the basis of behaviour or outcomes. (10 marks) (b) Discuss the relationship between fairness and pay satisfaction using insights from equity theory and justice theory. (15 marks)

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