A Labor Union Is a Group of

question 101

Multiple Choice

A labor union is a group of

• A)employees who join together to improve their working conditions
• B)firms that join together to hire workers
• C)firms that work together to negotiate better prices in the market
• D)farmers who work together to receive better prices for their agricultural products
• E)workers and firm owners who join together to improve working conditions

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Definitions:

Benefit Corporation

A type of for-profit corporate entity, recognized by certain US states, that includes positive impact on society, workers, the community, and the environment in addition to profit as its legally defined goals.

Profit

In the context of real property, the right to enter onto another’s property and remove something of value from that property.

Shareholder Benefit

The advantages or profits, such as dividends or increased stock value, that accrue to the owners of shares in a corporation.

Implied Powers

Powers not explicitly stated in a constitution or legal document but deemed necessary to fulfill governmental duties.