The Objectives of Labor Unions Have

question 164

Multiple Choice

The objectives of labor unions have

• A) always placed the greatest emphasis on increasing wages and benefits.
• B) shifted with social and economic conditions.
• C) frequently taken global competition into account.
• D) consistently favored policies that would move the U.S. economy toward a command system.

---

Definitions:

Credit Rating

Evaluating the likelihood that a borrower can repay their debt, either in general or in relation to a specific financial commitment.

Safety Stock

Inventory kept on hand to protect against variability in demand or lead time.

Average Inventory

The mean stock level held by a business over a certain period of time, calculated to manage and evaluate inventory efficiently.

Aggregate Supply Curve

A graph showing the relationship between the total output produced by an economy and the price level for output, over a period.