Which of the Following Is a Characteristic of Independent Contractors

question 33

Multiple Choice

Which of the following is a characteristic of independent contractors?

• A)They have a continuous relationship with the employer.
• B)They do not receive benefits from the employer.
• C)They control the processes and results of their work.
• D)They do not pay their employment taxes,the employer does.

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Definitions:

Marginal Revenue

The additional revenue that a firm receives from selling one more unit of a good or service.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or to different buyers.

Economic Profits

The difference between total revenues and total costs, including both explicit and implicit costs, indicating the financial gain realized when accounting for opportunity costs.

Demand Schedule

A table that lists the quantity of a good all consumers in a market will buy at every different price.