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Question
Payment made to labour is generally referred to as _______.
Payment made to labour is generally referred to as _______.
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Solution
The correct option is C Wages
Payment made to the labour for their work at regular intervals on the basis of the amount of work done i.e, daily or weekly. It is not the same as the salary paid to the permanent employees. Wages are paid mostly to unskilled workers.Bonus, incentives, grants are income but are different from the payment for the work done. These are just add ons to the main income.Hence, option (A) is the correct answer.
Payment made to the labour for their work at regular intervals on the basis of the amount of work done i.e, daily or weekly. It is not the same as the salary paid to the permanent employees. Wages are paid mostly to unskilled workers.
Bonus, incentives, grants are income but are different from the payment for the work done. These are just add ons to the main income.
Hence, option (A) is the correct answer.
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