The Ultimate Standard of Performance in a Market-Oriented Economy Is

question 91

True/False

The ultimate standard of performance in a market-oriented economy is how much net income remains after all expenses (except stockholder dividends)have been charged against revenues.

---

Definitions:

Discrimination

Unfair treatment of individuals based on race, gender, age, or other characteristics rather than on merit or qualifications.

Compensating Differential

Additional wage or benefit that compensates workers for unpleasant aspects of a job, such as risks or undesirable location.

Nonmonetary Characteristics

Aspects of a job or employment that are not related to the salary or wages. These include working conditions, job security, work-life balance, and other benefits.

Wages

The compensation paid to employees for their labor, typically calculated as an hourly rate or fixed salary.