An Individual Who Possesses a Specialized Skill That Is Difficult

question 29

Multiple Choice

An individual who possesses a specialized skill that is difficult to execute will

• A) necessarily receive wages considerably higher than those who lack this skill.
• B) receive a wage determined by the number of other persons possessing this skill.
• C) receive a high wage only when this skill is in great demand relative to its supply.
• D) receive a wage rate that is lower than similarly productive individuals who lack this skill.

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Definitions:

Issue Stock

The process by which a company distributes shares to investors, thereby raising capital.

Internet's Legal Resources

Websites and online services providing access to legal information, documents, advice, and services.

Legal Counsel

Professional legal advice or services provided by a qualified attorney or law firm.

S Corporation

A type of corporation that is eligible for, and elects, special taxation status.