Labor Unions Try to Meet Their Objectives by Influencing the Elasticity

question 49

Multiple Choice

Labor unions try to meet their objectives by influencing the elasticity of demand for labor and the demand for labor. To influence these factors, they try to do all of the following except

• A)reduce the availability of substitutes for the product they produce.
• B)reduce the availability of substitute factors.
• C)increase demand for the product they produce.
• D)increase substitute factor prices.
• E)reduce the nonmoney benefits of substitute factors.

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Definitions:

Indirect Method

A method of reporting cash flows from operating activities by adjusting net income for changes in non-cash accounts.

Direct Method

A way of preparing the cash flow statement where actual cash flow information from the company's operations is used.

Operating Activities

Transactions and events that affect net income, primarily related to the core operations of a business.

Direct Method

An approach to cash flow statement preparation that lists major classes of gross cash receipts and payments.