Profits

question 35

Multiple Choice

Profits

• A) are the largest component of GDP.
• B) are a reward for the productivity of land.
• C) have no useful function in a capitalistic economy.
• D) primarily result from the exploitation of labor.
• E) vary greatly from year to year and behave more erratically than wages.

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Definitions:

Written Rules

Formal regulations or guidelines that are documented and established for governance or conduct.

Democratic Leadership

A leadership style in which members of a group take a more participative role in the decision-making process.

Power And Authority

The capacity to influence or direct people's behavior and the legitimate right to make decisions and enforce obedience.

Employee Involvement

The degree to which employees are able to participate in decision-making processes and contribute ideas within an organization.