equite
(noun)
The lower of the two aristocratic classes of ancient Rome, ranking below the patricians.
Examples of equite in the following topics:
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Fairness
- Treating employees equitably enables substantial organizational benefits while avoiding unethical operations and the corresponding consequences.
- Awareness of potential fairness pitfalls, and ensuring that all employees feel valued and equitably treated, can avoid a wide variety of ethical and operational problems, while maximizing employee performance through providing a healthy environment for people to flourish and grow.
- There are many overt and subtle outcomes of treating employees equitably.
- While there are many more examples of consequences avoided and benefits achieved from an ethical operational approach, this paints a clear picture of why it is important and how to frame manager's perspectives to ensure equitable behavior.
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Assessing and Restoring Equity
- Organizations can ensure collective rewards are maximized through the use of accepted systems for equitably rewarding members.
- The only way groups can ensure equitable practices are observed is by making it more profitable to behave equitably than inequitably.
- Thus, an organization will generally reward members who treat others equitably and generally punish (increase the cost for) members who treat others inequitably.
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Liabilities
- Liabilities in financial accounting need not be legally enforceable, but can be based on equitable obligations or constructive obligations.
- An equitable obligation is a duty based on ethical or moral considerations.
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Trading off Equity and Efficiency
- Taxes may be considered equitable if they are administered in accordance with the definition of either horizontal or vertical equity.
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Social Impacts of Monopoly
- To understand why trends towards consolidation are so dangerous it is useful to frame why competition is of such critical value to equitable markets, particular from a consumer perspective.
- This allows for revenues, costs, price, and quantity to achieve a balance where the consumer is provided with the optimal amount of a good at the most equitable price.
- Note that the overall returns derived, costs incurred, quantity produced, and price point all align perfectly to generate an equitable market position.
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Antitrust Laws
- Antitrust laws ensure that competitive environments are preserved in order to maintain an efficient and equitable capitalistic system.
- Antitrust laws perform the critical task of ensuring that competitive environments are preserved in order to maintain an efficient and equitable capitalistic system for firms to operate in.
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Motivating and Compensating Salespeople
- Employees are best motivated through effective job design, equitable compensation, and treatment as stakeholders in the company.
- The first consideration for designing a compensation system is that the base pay system needs to be internally equitable.
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Equity Theory
- A) Individuals can maximize collective rewards by evolving accepted systems for equitably apportioning resources among members.
- B) Groups will generally reward members who treat others equitably and generally punish members who treat each other inequitably.
- Employees determine what their equitable return should be after comparing their inputs and outcomes with those of their coworkers, a concept referred to as "social comparison."
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Selling Orientation
- In today's realm of marketing, selling has developed into a holistic business system required to effectively develop, manage, enable, and execute a mutually beneficial, interpersonal exchange of goods and services for equitable value.
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Financing the US Government
- For example, income taxes due to their progressive nature are used to equitably derive revenue by differentiating tax rates by income strata.