The Workers in a Shoe Factory Were Tired of the Long

question 23

Multiple Choice

The workers in a shoe factory were tired of the long hours,poor working conditions,and low pay.They demanded that the situation improve and stopped working as a demonstration of discontent to the owners.Which statement would Marx argue is the best solution to address the situation?

• A) Workers must accept private ownership in a capitalist state.
• B) Owners must improve working conditions for their workers.
• C) Workers must realize a class consciousness.
• D) Owners must realize a class consciousness.

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Definitions:

Fixed Manufacturing Overhead

These are the manufacturing costs that do not change with the level of production, such as rent, salaries, and insurance.

Inventories

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials to be consumed in the production process.

Deferred

Postponed or delayed, often referring to income or expenses that are recognized in a later accounting period.

Net Operating Income

The profit realized from a business's operations after subtracting all operating expenses except interest and taxes.