Employees Will Join a Union If They Perceive Inequity in Pay

question 142

True/False

Employees will join a union if they perceive inequity in pay and benefits, experience dissatisfaction with supervisors and managers, and feel that their needs for status and recognition are not being met.

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Definitions:

Fixed Cost

Expenses that do not change with the level of goods or services produced by a business, such as rent, salaries, and insurance.

Variable Cost

Costs that change in proportion to the good or service that a business produces.

Inventory

The total amount of goods and materials held by a company for the purpose of resale or production.

Default Percent

The percentage of loans or debts that are not paid back in accordance with the terms agreed upon by borrowers and lenders.