Why Did Employers Hold More Power Than Employees in the Master-Servant

question 46

Multiple Choice

Why did employers hold more power than employees in the master-servant relationship even though common law required them to pay wages?

• A) collective bargaining enhanced their power
• B) there were no rules about how much/how often employees were paid
• C) court decisions favouring employees were ignored by employers
• D) common law explicitly states that employers hold more power

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Definitions:

Initial Public Offering

The first time that the stock of a private company is offered to the public.

Secondary-market Transaction

The buying and selling of previously issued securities, such as stocks and bonds, among investors without involving the issuing companies.

Block Transactions

Large-scale securities trades on stock markets, usually involving at least 10,000 shares or bonds.

NYSE

The New York Stock Exchange, one of the world's largest stock exchanges by market capitalization, located in New York City.