The Fact That Workers Sometimes Serve on the Board of Directors

question 205

Multiple Choice

The fact that workers sometimes serve on the board of directors of European companies helps explain why

• A) European executives accept less responsibility for the successes and failures of the firms they lead.
• B) European CEOs earn much less than American CEOs.
• C) European firms are more likely to seek protection from foreign competition than American firms.
• D) workers in Europe are less likely to believe unions are necessary than workers in the United States.

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Definitions:

Gini Ratios

A measure of income inequality within a population, ranging from 0 (complete equality) to 1 (complete inequality).

Income Inequality

Income inequality describes the uneven distribution of income within a population, leading to disparities in living standards and economic opportunities.

Lifetime Distribution

The allocation of income or wealth over the span of an individual's life.