Small Changes in Consumer Demand Can Lead to Considerable Shifts

question 33

Multiple Choice

Small changes in consumer demand can lead to considerable shifts in business product demand and are referred to as the ________.

• A) transactional effect
• B) transverse effect
• C) degree of affiliation
• D) acceleration effect
• E) multi-attribute model

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Definitions:

Authorization Cards

Documents signed by employees to indicate their wish to be represented by a union in dealings with their employer.

Card-Check

A method used in labor relations where employees can form a union by signing cards stating they wish to be represented, bypassing a secret ballot election.

Mandatory Unionization

A policy requiring employees in a particular workplace or sector to join a union as a condition of employment.

Unionizing

The process by which workers form or join a union to collectively bargain for better terms and conditions of employment.