For Those Workers Who Are Given Fringe Benefits Such as Health

question 7

Multiple Choice

For those workers who are given fringe benefits such as health insurance and pensions, the additional income this amounts to over and above the average hourly wage can be as much as (for some workers)

• A)10-12% 
• B)30-40% 
• C)51-62%% 
• D)70% or more

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Definitions:

Conservative Decisions

Decision-making approaches that tend to be cautious and to favor current conditions or minimize risk.

Framing Bias

A cognitive bias where people decide on options based on if the choices are presented with positive or negative connotations.

Industrial Relations

The study and practice of managing the relationship between employers and employees, often focusing on collective bargaining, workplace disputes, and labor legislation.

Union Negotiators

Representatives of a labor union who engage in discussions with employers to establish terms of employment, wages, and workplace conditions for their members.