The Fact That Workers Sometimes Serve on the Board of Directors

question 205

Multiple Choice

The fact that workers sometimes serve on the board of directors of European companies helps explain why

• A) European executives accept less responsibility for the successes and failures of the firms they lead.
• B) European CEOs earn much less than American CEOs.
• C) European firms are more likely to seek protection from foreign competition than American firms.
• D) workers in Europe are less likely to believe unions are necessary than workers in the United States.

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Definitions:

NAICS Codes

North American Industrial Classification System codes that use numerical values to identify industries.

NAFTA Region

Refers to the geographic and economic region under the North American Free Trade Agreement, encompassing Canada, the United States, and Mexico.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as materials and labor.