Unions

question 40

Multiple Choice

Unions

• A)do not affect the natural rate of unemployment.
• B)lower the wages of unionized workers.
• C)raise the profits of unionized firms.
• D)lower the wages of workers in industries without unions.

Distinguish between managers and leaders based on their actions and outlook.

Identify behaviors associated with democratic, authoritarian, and laissez-faire leadership styles.

Understand the importance of empathy and self-confidence in effective leadership.

Relate leadership styles to organizational contexts and employee needs.

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Definitions:

Variable Selling Expenses

Expenditures that change in direct correlation with the amount of sales, like commission fees and delivery costs.

Fixed Selling Expenses

Costs related to selling that do not change with the level of sales, such as salaries of sales staff and rent for sales space.

High-Low Method

A technique in cost accounting used to estimate fixed and variable costs based on the highest and lowest levels of activity.

Utilities Cost

The expenses incurred for essential services such as electricity, water, and gas used by a business.