Critics of Labor Unions Argue That Unions Are No Longer

question 51

Multiple Choice

Critics of labor unions argue that unions are no longer needed to protect workers from abusive and unfair treatment because

• A) the widespread use of ESOPs has given most workers control over their workplace.
• B) supply and demand conditions in labor markets now favor labor rather than management.
• C) laws and modern management attitudes minimize the possibility of unsafe working conditions and unfair treatment of workers found in earlier eras.
• D) most of the firms that treated workers poorly have moved their operations to foreign countries.

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Definitions:

Activity Ratios

Financial metrics used to measure a company's ability to convert different accounts within its balance sheets into cash or sales.

Activity Ratios

Metrics that assess the efficiency with which a company utilizes its assets to generate revenue or sales.

Cash Flow

The total amount of money being transferred into and out of a business, specifically measuring its liquidity and financial health over a period.

Business Manager

An individual responsible for overseeing and directing the operations and activities of a business.