Which of the Following Statements Is True

question 126

Multiple Choice

Which of the following statements is true?

• A)The traditional view of labor unions predicts that unionization of a firm will result in improvements in productivity and efficiency.
• B)The labor union as a collective voice view of labor unions predicts that unionization of a firm will result in decreases in productivity and efficiency.
• C)The traditional view of labor unions supports the formation of unions as a counterweight to firms' factor-hiring power.
• D)The labor union as a collective voice view of labor unions supports efforts to decrease the unions' role as a "monopolizer of labor."
• E)none of the above

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Definitions:

Finished Goods Inventory

The stock of completed products ready for sale at the end of an accounting period.

Cost of Goods Manufactured

The total production cost of goods completed during a specific period, including materials, labor, and overhead costs.

Direct Labor Usage

The total amount of labor directly involved in the manufacturing process, often used in calculating production costs and efficiency.

Factory Wages Payable

An account representing the amounts owed to manufacturing personnel for wages that have been earned but not yet paid.