According to the Sociologist Erik Wright's Marxian Model,persons in The______________have

question 98

Multiple Choice

According to the sociologist Erik Wright's Marxian model,persons in the______________have substantial control over the means of production and over workers.However,these upper-level supervisors and professionals typically do not participate in key corporate decisions such as how to invest profit.

• A)capitalist class
• B)small-business class
• C)working class
• D)managerial class

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Definitions:

Opportunity Cost

The value of the best alternative that is foregone by choosing a particular action or decision, important in evaluating the cost of choices.

Alternative

An option among a set of choices in decision-making scenarios.

Total Costs

The sum of all expenses incurred by a business in producing goods or services, including fixed and variable costs.

Prime Cost

Direct materials cost plus direct labor cost.