Which of the Following Is Not Correct

question 21

Multiple Choice

Which of the following is not correct?

• A)An organized withdrawal of labor from a firm by a union is called a strike.
• B)The power of a union comes from its ability to strike if the union and the firm do not agree on the terms of employment.
• C)Economists who study the effects of unions typically find that union workers earn about 25 to 35 percent more than similar workers who do not belong to unions.
• D)Workers in unions reap the benefit of collective bargaining,while workers not in unions bear some of the cost.

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Definitions:

Maturity Value

The amount that will be payable to the holder of a financial instrument at its maturity date, including principal and interest.

Stated Interest Rate

The nominal or advertised interest rate on a loan or bond, not accounting for compounding or fees.

Interest Expense

The cost incurred by an entity for borrowed funds, represented as a financial charge for the privilege of borrowing money.

Bond Issuer

The entity, either a company or government, that borrows funds by issuing bonds.