Unions Tend to Increase the Disparity in Pay Between Insiders

question 27

Multiple Choice

Unions tend to increase the disparity in pay between insiders and outsiders by

• A)increasing the wage in the unionized sector, which may create a decrease in the supply of workers in the non-unionized sector.
• B)increasing the demand for workers in the unionized sector.
• C)decreasing the demand for workers in the unionized sector.
• D)increasing the wage in the unionized sector, which may create an increase in the supply of workers in the non-unionized sector.

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Definitions:

Aging Workforce

A demographic trend where the average age of the employees in an organization is increasing.

Environmental Scanning

The systematic review and analysis of external conditions to identify potential threats and opportunities for the organization.

SWOT Analysis

A strategic planning tool used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats, facilitating informed decision-making.

Environmental Reporting

The practice of disclosing information about a company's environmental performance and impact to stakeholders, often part of corporate social responsibility reports.