_____ Is a Classless Social System in Which Property Is

question 26

Multiple Choice

_____ is a classless social system in which property is collectively owned and income from labor is equally and indiscriminately divided among members.

• A) Socialism
• B) Capitalism
• C) Anarchism
• D) Fascism

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Definitions:

Compensable Factors

Elements of a job that are used to determine its value and appropriate compensation, such as skill level, effort, responsibility, and working conditions.

Pay Grades

A structured pay scale that determines the salary range for different levels of positions within an organization.

Labour Costs

The total expenditure borne by employers for the payment of wages, benefits, and other forms of compensation to their employees.

Pay Grades

A structure categorizing employees based on job functions, responsibilities, and pay ranges, designed to ensure fair and equitable compensation within an organization.