A Difference Between an Industrial Union and a Craft Union

question 92

Multiple Choice

A difference between an industrial union and a craft union is that only an industrial union

• A) contains members who have a particular skill or occupation.
• B) is often responsible for training its members through apprenticeships.
• C) organizes as many employees in as wide a range of skills as possible.
• D) represents a particular occupation.
• E) comprises members who change employers more often.

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Definitions:

Significant Influence

The power to participate in the financial and operating policy decisions of an investee but not to control those policies.

Related Parties

Individuals or entities that are closely connected to a business, potentially influencing the financial and operating results.

Investment

The allocation of resources, typically money, in the expectation of generating an income or profit.

Joint Control

A situation in which two or more parties exercise shared control over a business activity, venture, or entity according to an agreement.