A Man Exchanges His Labour for a Wage,producing Some Product

question 64

Multiple Choice

A man exchanges his labour for a wage,producing some product that the capitalist sells at a price far exceeding the wage paid.What is the Marxist term used to describe what's left over after deducting the man's wage and other expenses from the sale price of the product?

• A) commission
• B) capital gains
• C) surplus value
• D) share value

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Definitions:

Direct Costs

Expenses that can be directly attributed to the production of specific goods or services.

Indirect Costs

Overhead or administrative expenses that are not directly attributable to a specific product or service, but are necessary for the business operations.

Initial Direct Costs

Costs that are directly associated with securing a financing agreement or leasing an asset, excluding general overhead.

Revenue Recognition

An accounting principle that determines the specific conditions under which income becomes realized as revenue.