Which of the Following Statements Accurately Describes Works Councils

question 14

Multiple Choice

Which of the following statements accurately describes works councils?

• A) Works councils are a form of employee participation common in Western Europe (e.g., France, Germany, and the Netherlands)
• B) Works councils emerged as a way for firms to improve competitiveness and the bottom line
• C) Works councils are similar to JCCs and have little power to block management decisions and actions
• D) Research on the impact of works councils on productivity clearly shows a positive impact

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Definitions:

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of demand to changes in price.

Demand Schedule

A table that lists the quantity of a good a person will buy at different prices.

Demand Schedule

A table or graph showing the quantity of a product that consumers are willing and able to purchase at various prices over a specified period of time.

Law Of Demand

The principle that, other things equal, an increase in a product’s price will reduce the quantity of it demanded, and conversely for a decrease in price.