One Argument Against Using a Profit-Sharing Scheme Is the Potential

question 11

Multiple Choice

One argument against using a profit-sharing scheme is the potential for free-riding. In this situation, free-riding refers to

• A) one firm using the same contract specifications as another firm.
• B) a worker not providing effort because his contribution to profit is very small.
• C) a worker not providing effort because he does not want his coworkers' wages to increase.
• D) the firm not honestly reporting its profits.
• E) profits being insensitive to worker effort because all increases in profit are returned to the workers due to the profit-sharing scheme.

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Definitions:

Birth of Sociology

The emergence of sociology as a distinct discipline in the 19th century, aiming to understand and explain societal structures, processes, and changes.

Class Consciousness

The awareness of one's place in a system of social classes, especially as it relates to the struggle against perceived injustices and exploitation within that system.

Quality of Mind

Mills’s term for the ability to view personal circumstance within a social context.

Semi-periphery

Nations that are midway between the core and periphery countries, often exploiting periphery countries but being exploited by core countries.