The rate at which businesses and workers exchange money for labor services is commonly referred to as theMultiple choice question.wage.payroll.stipend.
Question
Solution
The correct answer to the question regarding the rate at which businesses and workers exchange money for labor services is "wage."
Explanation:
- Wage: This term specifically refers to the compensation, usually hourly or per piece, that workers receive from their employer in exchange for their labor.
- Payroll: This refers to the list of employees and the amount of money they are to be paid. It is more about the process rather than the rate of exchange.
- Stipend: This typically refers to a fixed sum of money paid regularly, often associated with internships or fellowships, and is not the general term for labor compensation.
Final Answer
Wage is the correct choice.
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