How Do Strong Trade Unions and Legislation That Limits Redundancies

question 45

Multiple Choice

How do strong trade unions and legislation that limits redundancies affect the economy?

• A) Opportunities to use advanced technology or new capital machinery may be blocked by trade unions.
• B) The level of wages paid to workers in the economy may fall below the subsistence wage.
• C) Inefficient practices in the economy can be removed easily, leading to increases in productivity.
• D) Economic resources can easily be allocated according to where they are valued the most.

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Definitions:

Network Structure

An organizational design focused on connecting various entities (e.g., departments, organizations) through informal networks rather than hierarchical lines of authority.

Central Core

The primary or most important area, aspect, or concept within a system, organization, or field of study.

Functional Departments

Sections within an organization, each specializing in a particular area of operation such as marketing, finance, human resources, etc.

Changing Environments

Changing environments refer to the dynamic and evolving external and internal contexts within which businesses and organizations operate.