What Was the Main Reason for the Rash of Strikes

question 53

Multiple Choice

What was the main reason for the rash of strikes that began in late 1945 and extended through 1946?

• A) Major unions were competing with one another to get the best deal for their members.
• B) The Communist Party had actively recruited workers during the war and was now ready to assert itself.
• C) Most major corporations had withdrawn vacation and pension benefits that had been extended during the war years.
• D) With the end of price controls, workers were hit hard by skyrocketing inflation.

Describe strategies for achieving operational flexibility.

Understand the role and composition of repetitive manufacturing.

Grasp the definition and significance of process reengineering.

Recognize the contribution of automated work cells and centralized computer facilities in modern manufacturing.

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Definitions:

Socialism

Economic system characterized by government ownership and operation of major industries, such as communications.

Economic Recession

An economic recession is a significant decline in economic activity across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Regulated Monopolies

Market situations in which local, state, or federal government grants exclusive rights in a certain market to a single firm.

Economic Recession

a period of temporary economic decline characterized by a decrease in GDP, income, employment, and trade, typically lasting from six months to a year.