Which of the Following Statements Is Correct

question 120

Multiple Choice

Which of the following statements is correct?

• A) There is clear evidence that unions have increased the average level of real wage rates for all workers.
• B) When fringe benefits are taken into account, the overall compensation of union and nonunion workers is equal.
• C) Approximately 10 percent of all work time is lost annually because of strikes.
• D) There were 12 major work stoppages in the United States in 2015.

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Definitions:

Fordism

An industrial production model based on mass production and consumption, characterized by standardized products and assembly-line mechanisms.

Scientific Management

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity.

Human Relations

An area of management practice focusing on improving worker productivity through better interpersonal interactions and understanding of human behavior in the workplace.

Part-Time Work

Employment that does not provide the full number of hours considered standard or full-time in a given industry, typically involving fewer hours per week.