Which of the Following Changes in the Labour Market in the UK

question 94

Multiple Choice

Which of the following changes in the labour market in the UK have helped increase efficiency and productivity in the economy?

• A) Trade unions have begun to seek greater collaborative relationships with firms.
• B) The workforce in the UK has a relatively high proportion of university graduates.
• C) The minimum wage in the UK has been increased by a rate that exceeds the rate of inflation.
• D) The number of workers attached to a registered trade union in the country have increased.

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Definitions:

Accrued Product Warranty Expense

An expense that represents the estimated cost of warranty claims on products sold that have not yet been claimed.

Insurance Co.

Abbreviation for Insurance Company, which is a business entity that provides coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.

Pension Plan

A pension scheme where an employer is obligated to contribute to a fund dedicated for an employee's benefit upon retirement.

Hazardous Materials

Substances that pose risks to public health, safety, or the environment if not properly controlled or contained.