In Terms of the Evolution of Payment and Exchange,wage Labor

question 10

Multiple Choice

In terms of the evolution of payment and exchange,wage labor is more developed than piecework payment because under wage labor:

• A) the employer assumes responsibility for the quality of the raw materials,the technology,and the production process.
• B) workers are paid not for a direct service but for the sum total of their services.
• C) workers control the pace and conditions of their labor.
• D) more personal relationships between worker and employer are created.

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Definitions:

Employee Participation

The involvement of employees in decision-making processes within the organization, often resulting in better outcomes and increased commitment.

Benefits Plan

A set of health care, retirement, and other perks offered by employers to their employees beyond the regular salary or wage.

Decreased Overall Plan Costs

Refers to the reduction in total expenses associated with a particular plan, often aimed at making insurance plans, benefit programs, or operational activities more efficient and cost-effective.

Work And Personal Activities

The blend or balance between a person's job responsibilities and their personal life, interests, and commitments.