Speculating on the Future of Organized Labor Unions, Which of the Following

question 147

Multiple Choice

Speculating on the future of organized labor unions, which of the following statements best summarizes real concerns?

• A) Future union membership will significantly increase due to workers age 19-30 perceiving value in union representation and membership.
• B) The age of union members is heavily skewed. Most members are 55 and older. Unions will be challenged to recruit younger employees to support the unions.
• C) Due to headstrong union negotiators who have refused givebacks, the value of unions will decline.
• D) The UAW (United Auto Workers) will continue to advance as the most powerful union in the U.S., while the public sector employee unions will continue to experience decline.

Understand the effects of sampling bias and its impact on the generalizability of research findings.

Appreciate the ethical considerations in conducting research, including the importance of participant expectations.

Understand the concept and calculation of Mean Absolute Deviation (MAD) in forecasting.

Identify and explain various types of forecasts including technological, moving averages, and exponential smoothing.

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Definitions:

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Futures

Agreements that enforce a commitment from the buyer to acquire, or from the seller to divest, an asset at a specific price and time decided beforehand.

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A type of aviation fuel designed for use in aircraft powered by gas-turbine engines.

Hedge

An investment made to reduce the risk of adverse price movements in an asset, typically involving derivatives contracts like futures and options.