All but Which One of the Following Statements Helps Explain

question 42

Multiple Choice

All but which one of the following statements helps explain why 19th century unions often represented themselves as mutual insurance societies?

• A)Union officials sold life insurance policies to their members.
• B)Union benefit funds helped tide unemployed members over during periods of cyclical depression.
• C)This was a way around criminal conspiracy laws against unions.
• D)Union benefit funds helped provide for the families of workers killed on the job.
• E)There was no publicly- funded health insurance or unemployment insurance at this time.

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Definitions:

Business Practices

The methods, strategies, and procedures employed by companies in the design, production, marketing, and sale of their products and services.

Sherman Act

A United States antitrust law passed in 1890 that outlaws monopolistic practices and promotes competition.

Trusts

Legal arrangements where one party, known as the trustor, grants another party, the trustee, the right to hold title to property or assets for the benefit of a third party, the beneficiary.

Market Competition

The rivalry among companies to attract customers and gain market share by offering better products, services, and terms.