To Marx,profits Were

question 52

Multiple Choice

To Marx,profits were

• A) a reward for risk bearing.
• B) a measure of capital's productive activity.
• C) a social dividend arising from the capitalist's efficiency.
• D) a measure of the surplus value created by capital.
• E) that part of labor's productivity the capitalist retains.

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Definitions:

Job Evaluation

A systematic process used to determine the relative worth of jobs within an organization to establish fair and equitable pay.

Ontario Pay Equity Act

Legislation aimed at reducing gender pay disparities by requiring equal pay for work of equal value in Ontario, Canada.

Employers

Entities that hire individuals to perform tasks or services in exchange for compensation.

Job Analysis Methods

Techniques used to understand the duties, responsibilities, and requirements of a particular job, including observation and interviews.