Who Wrote, "Capitalism Is Based on the Exploitation of the Workers

question 31

Multiple Choice

Who wrote, "Capitalism is based on the exploitation of the workers by the capitalists?"

• A) Alexis de Tocqueville
• B) Herbert Spencer
• C) Karl Marx
• D) Emile Durkheim

---

Definitions:

Capital Budgeting

The process of evaluating and selecting long-term investments that are consistent with the firm's goal of wealth maximization.

Record Date

The date set by a company on which you must be on the company's books as a shareholder to receive a declared dividend or participate in corporate actions.

First-Quarter Dividend

A dividend payment made by a company to its shareholders, typically announced after the first financial quarter's results.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.