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question 19

Short Answer

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Comprehend the objectives, criticisms, and implications of the New Public Management movement on labor relations.

Differentiate between various models of unionism and their respective strategies and objectives.

Recognize the current debates and proposed changes in labor law reform, including the National Labor Relations Act (NLRA).

Identify strategies and goals of solidarity unionism and its contrast to traditional business unionism.

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Definitions:

Average Operating Assets

This refers to the average value of the assets used in operations over a certain period, which can indicate the efficiency of asset use in generating income.

Sales

The revenue generated from the selling of goods or services by a company or an enterprise to its customers.

Turnover

Sales divided by average operating assets.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, expressed as a percentage.