Stage 1 in the Growth of a Business Is Characterized

question 75

Multiple Choice

Stage 1 in the growth of a business is characterized by

• A) entrepreneur as player-coach.
• B) multilayered organization.
• C) hands-off management practices.
• D) one-person operation.

---

Definitions:

Unions

Organizations formed by workers to collectively bargain for better wages, benefits, and working conditions with their employers.

Strikes

A work stoppage caused by the mass refusal of employees to work, typically to enforce demands upon their employer.

Wagner Act

A foundational piece of US labor law established in 1935 that guaranteed workers the right to form unions and engage in collective bargaining.

Supply of Labor

Refers to the total hours that workers wish to work at a given real wage rate, across the entire economy.