Which of the Following Is True About Unions and Alternative

question 13

Multiple Choice

Which of the following is true about unions and alternative reward systems?

• A)Gain sharing and profit sharing are types of alternative reward systems.
• B)The drawback of alternative rewards is that they tend to be subjective in unionized companies.
• C)Unions are becoming less receptive to alternative reward systems.
• D)Willingness to try alternative rewards is lesser when the firm faces extreme competitive pressure.
• E)International competition is very beneficial for unions.

Comprehend the processes involved in establishing, measuring, and evaluating control mechanisms within organizations.

Understand the relevance and impact of organizational culture on control practices and employee behavior.

Appreciate the role of market control in adjusting organizational practices based on customer feedback and competitive strategies.

Grasp the importance of accurate measurement in the control process to identify performance discrepancies.

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Definitions:

Innate Productivity

The natural or inherent ability of an individual, firm, or country to produce goods and services efficiently.

Above-Equilibrium Wage

A wage rate set above the market equilibrium, where the quantity of labor supplied exceeds the quantity of labor demanded, often leading to unemployment.

Cartel

An association of independent businesses organized to control production, pricing, and marketing of goods to restrict competition.

Labor

The human effort, both physical and mental, used in the production of goods and services.