Questions: The resource income earned by those who supply labor services is called profit. Htock options. bonus. wages and salaries.

The resource income earned by those who supply labor services is called profit. Htock options. bonus. wages and salaries.
Transcript text: The resource income earned by those who supply labor services is called profit. Htock options. bonus. wages and salaries.
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Solution

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The answer is: wages and salaries.

Explanation for each option:

  1. Profit: This refers to the financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes involved in sustaining the business. Profit is typically associated with business owners or shareholders, not individual labor providers.

  2. Stock options: These are financial instruments that give employees the right to buy or sell shares of the company at a predetermined price. While stock options can be a form of compensation, they are not the primary income earned by supplying labor services.

  3. Bonus: A bonus is an additional compensation given to employees on top of their regular wages or salaries. It is often performance-based or given as a reward for achieving certain targets. However, it is not the main form of income for labor services.

  4. Wages and salaries: These are the primary forms of income earned by individuals who supply labor services. Wages are typically paid on an hourly basis, while salaries are fixed regular payments, usually on a monthly or bi-weekly basis. This is the correct term for the resource income earned by labor providers.

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