In the United States,there Is a Strong Belief That Anyone

question 84

Multiple Choice

In the United States,there is a strong belief that anyone willing to work hard is able to become rich.This belief reflects which of the following theories?

• A) efficiency wage
• B) income mobility
• C) samaritan's dilemma
• D) compensating differential
• E) occupational crowding

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Definitions:

Chain-style Business

A business model where multiple outlets of the same company offer the same product or service, typically under the same brand.

Franchisor

A business entity that grants the right to an individual or group to carry out commercial activities using its trademark and business model in exchange for a fee or royalty.

Franchisee

The seller of goods or services under a trade name or trademark in a franchise.

Trade Name

The name by which a business is known to the public, differing from its legal name, under which it carries out its business activities.