Asked by Vivian Terziario on May 17, 2024
Verified
Who said,"It is not the employer who pays wages;he only handles the money.It is the product that pays wages."
A) Henry Ford
B) Karl Marx
C) Jackson Martindell
D) Studs Terkel
E) Pierre-Joseph Proudhon
Henry Ford
Henry Ford was an American industrialist and the founder of the Ford Motor Company, known for revolutionizing the automobile industry through the introduction of mass production techniques.
Pays Wages
The process by which employers compensate their employees for work performed, typically in the form of monetary payment.
Employer
An individual or entity that hires and pays people to work on their behalf, often to produce goods or provide services.
- Explore the elements that influence the productivity and prosperity of countries.
Verified Answer
KS
Kinisha SimonMay 20, 2024
Final Answer :
A
Explanation :
Henry Ford is famously known for saying this quote in response to criticism of his decision to pay his employees a relatively high wage for the time period. He believed that the success of his company and the ability to pay his employees was directly tied to the quality and demand for his products.
Learning Objectives
- Explore the elements that influence the productivity and prosperity of countries.