Which of the Following Is an Accurate Statement About Modifications

question 26

Multiple Choice

Which of the following is an accurate statement about modifications to common law from the Wagner Act of 1935?

• A) It's illegal to fire workers because of union membership.
• B) Courts at all levels and in all states now agree that employees cannot be dismissed without just cause.
• C) The civil liberties of employees have to be restricted for corporations to run efficiently.
• D) More and more companies are moving toward "employment at will".

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Definitions:

Low-productivity Workers

Employees who generate less output per unit of input compared to others, often leading to less efficiency within an organization.

Moral Hazard

The situation where one party is more likely to take risks because another party bears the cost of those risks.

Adverse Selection

A situation where asymmetric information results in high-risk individuals being more likely to participate in a contract or agreement, potentially leading to market inefficiency.

Life Insurance

A contract between an insurer and a policyholder where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person.