Why Do Unionized Workers Tend to Prefer to Take a Relatively

question 59

Multiple Choice

Why do unionized workers tend to prefer to take a relatively big share of their total compensation in the form of fringe benefits?

• A)Non- unionized workers have no interest in fringe benefits.
• B)Benefits such as pensions can be purchased from private providers as cheaply.
• C)Unionized workers do not feel a great need for health insurance and pensions.
• D)Unionized workers in a higher tax bracket do not like non- taxable forms of compensation,like pensions.
• E)Unionized workers are older.

---

Definitions:

Capacity

The maximum output that a business can produce under normal conditions over a certain period of time.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts, as well as the physical factors of production including machinery and buildings.

Character

In finance, character often refers to one of the "Three Cs" (character, capacity, collateral) used to assess a borrower's creditworthiness, focusing on their reputation for repaying debts.

Financial Reserves

Funds or assets that are set aside to meet future liabilities, contingencies, or unforeseen expenditures.