If the Good or Service Produced by a Company Has

question 11

Multiple Choice

If the good or service produced by a company has an inelastic demand then during bargaining

• A) the union may demand higher wages as the additional cost may not negatively impact the company.
• B) the union will not likely be able to demand higher wages as the costs cannot be transferred to the customer.
• C) it will not impact the unions ability to obtain higher wages in bargaining.
• D) the union will demand greater job security for its employees as demand for the good or service will fall.
• E) the company will resist any demands for wage increases, as any increase in the sale price will reduce demand .

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Definitions:

Wellness Program

A comprehensive program intended to improve and promote health and fitness, often offered through an employer or a health plan.

Health Initiative

A program or campaign designed to improve health outcomes in a community or population through education, policy, or service improvements.

Institutional Setting

An organizational environment structured for specific purposes such as education, healthcare, or rehabilitation, where practices and policies regulate behavior.

Terminal Condition

A disease or condition that is expected to lead to death because it is incurable or not responsive to treatment.