Why Are Unions Considered to Be Victims of Their Own

question 7

Multiple Choice

Why are unions considered to be victims of their own successes?

• A) Unions have managed to earn several benefits for workers but this has resulted in
• A general perception by firms that dealing with unions is expensive.
• B) Workers are strongly intimidated by union activities despite the efforts unions have put in for the benefit of workers.
• C) Unions have succeeded in passing several laws successfully for the welfare of workers, but mostly through illegal means.
• D) Unions have passed most of the important issues that affect workers into law and are no longer considered necessary.

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Definitions:

Semiannual Interest

Interest that is calculated and paid twice a year, often used in bond and loan agreements.

Redeem Bonds

This term refers to the act of paying off or buying back bonds issued by a company before their maturity date, often at a predetermined price.

Bond Purchase

The act of acquiring bonds, which are securities representing a loan made by an investor to a borrower, often for the purpose of investment and receiving interest income.

Profit Margin

A financial ratio that measures the percentage of profit a company earns from its total revenue.