What Is One of the Biggest Differences Between the Unions

question 52

Multiple Choice

What is one of the biggest differences between the unions of the 1950s and unions of today?

• A) A weaker economy and increased global economy prompt unions to more often seek partnership rather than confrontation.
• B) Unions are more confrontational today than they were in the 1950s, when they chose to work as partners with employers.
• C) Whereas unions mainly looked out for their own interests in the 1950s, they look out for the interests of their members more so today.
• D) Whereas unions mainly looked out for the interests of their members in the 1950s, they look out for their own interests more so today.

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Definitions:

Capital Spending

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment to improve its capacity or efficiency.

Fixed Asset Purchases

Expenditures on long-term assets such as equipment, buildings, and machinery, which are used in the operation of a company.

Operating Cash Flow

A measure of the cash generated by a company's normal business operations, indicating its ability to cover its bills and invest in growth.

Current Asset

An asset on the company's balance sheet that is expected to be sold, consumed, or converted into cash within one year or during the normal operating cycle of the business.