Which of the Following Statements About Unions Is TRUE

question 244

Multiple Choice

Which of the following statements about unions is TRUE?

• A) Laws allow unions to discriminate on the basis of gender and ethnicity.
• B) Unions bargain for better working conditions at the cost of higher wages.
• C) Unions cause a surplus of labor by bargaining for wages that are higher than the value of the marginal product of labor.
• D) Unions cause compensating differentials.

Recognize the concept of self-actualization and identify its components.

Differentiate between basic and growth needs within Maslow's theory.

Identify the characteristics and behaviors of self-actualized individuals.

Understand the role of cognitive needs in human motivation.

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Definitions:

Accrued Liabilities

Liabilities for expenses that have been incurred but have not yet been paid or recorded through a standard payment transaction.

Cash Payments

Transactions where payment is made using cash, as opposed to checks, credit cards, or electronic transfers.

Credit Sales

Transactions where the buyer is allowed to pay for goods or services at a later date, extending credit by the seller.

Cash Collections

The process of gathering and managing the cash received from sales, services, or other receivables.