Benefits Are Defined as ______

question 34

Multiple Choice

Benefits are defined as ______.

• A)remuneration paid on a regular basis,not directly tied to the number of hours worked
• B)payment for work done on an hourly basis
• C)noncash compensation paid to employees such as health insurance and pension plans
• D)a worker's weekly payment as well as health insurance

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Definitions:

Market Supply And Demand

The economic model that explains the interaction between the supply of goods and services and the demand for them, determining their market prices.

Marginal Cost

A rise in the cumulative expenses associated with the production of an extra unit.

Economic Rent

Extra income earned by a factor of production due to its limited supply or unique properties, over and above its opportunity cost.

Output Tax

A tax levied on the quantity of production or output generated by a company, as opposed to income or profit.