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Subjects

What does a person usually do in wage employment?

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Answer and explanation

Correct answer: Works in another organization and receives salary

In wage employment, a person works under an employer or organisation according to agreed duties and receives wages or salary in return. The employee may have important responsibilities, so wage employment does not mean having no responsibility. Therefore option A is correct; the other options do not define the employment relationship.

Tags

wage-employmentemployment-typesDistinction between BusinessProfession and Employmentdistinction between business profession and employmentBusinessTrade and Commercebusiness trade and commerceBusiness StudiesClass 11 MCQ

Frequently asked questions

What is the correct answer to this question?

Works in another organization and receives salary

Why is this the correct answer?

In wage employment, a person works under an employer or organisation according to agreed duties and receives wages or salary in return. The employee may have important responsibilities, so wage employment does not mean having no responsibility. Therefore option A is correct; the other options do not define the employment relationship.

Which subject and chapter does this question cover?

This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce. Topic: Distinction between Business, Profession and Employment.

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