Scenario 14.1 Boat Xpress, a Canadian Shipping Firm, Has Been Treating Employees

question 9

Multiple Choice

Scenario 14.1
Boat Xpress, a Canadian shipping firm, has been treating employees unfairly for decades. Employees work full-time hours but are hired as part-timers with no benefits other than 4 percent vacation pay. Health and safety standards are nonexistent, and the list goes on. Employees have tried to organize before, but management fired them and threatened the remaining workers. A new employee decided that the working conditions are intolerable and wants to get other employees organized in order to obtain union representation. All employees now believe that their interests will be better served with collective agreements.
-Refer to Scenario 14.1. For which reasons do workers at Boat Xpress want to organize in a union?

• A) economic reasons
• B) political reasons
• C) social reasons
• D) ideological reasons

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Definitions:

Risk Class

A categorization that reflects the level of risk associated with an investment, used to align investments with an investor's risk tolerance.

Preferred Stock

A class of ownership in a corporation that has a higher claim on the assets and earnings than common stock, often receiving dividends before common shareholders.

Dividend Yield

A ratio in finance that reveals the yearly dividend payment of a company against its share price.

Growth Rate

The rate at which a company's sales, earnings, or other chosen financial indicator increases over a period of time.