Labor Is Defined

question 26

Multiple Choice

Labor is defined:

• A) solely as physical work for which payment is received.
• B) as human effort used in the production of goods and services.
• C) as physical capital used in human effort.
• D) as the entrepreneurship ability used to produce goods.

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Definitions:

Horizontal

Describes a position, structure, or relationship that is parallel to the ground or to a baseline, often implying equality or same-level status.

Vertical

In a context it can refer to the direction that is perpendicular to the horizon; in business, it could refer to practices or arrangements involving different levels of the supply chain.

High-Achieving Women

Women who have attained significant success or accomplishments, particularly in their careers or academic pursuits.

Financially Independent

The state of having sufficient personal wealth to live, without having to work actively for basic necessities.