The Share of the Labor Force That Was Unionized Increased

question 161

Multiple Choice

The share of the labor force that was unionized increased from 7.4 percent in 1930 to more than 30 percent in 1955. During these 25 years, the share of national income allocated to labor (in contrast to capital)

• A) increased approximately 10 percent.
• B) increased 17.6 percent.
• C) fell 20 percent.
• D) was virtually unchanged.

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Definitions:

Organisational Strategies

Broad plans or approaches adopted by an organization to achieve its long-term goals and objectives.

Peter Drucker

A renowned management consultant, educator, and author, considered the founder of modern management.

Organisational Strategy

A plan of action designed to achieve a long-term or overall aim within an organization.

Macroenvironment

The external and uncontrollable factors that influence an organization's decision making, and affect its performance and strategies.