The Potential Gains to a Union in Terms of Wages

question 18

Multiple Choice

The potential gains to a union in terms of wages and employment will be greatest if the firm's demand for labor is

• A) elastic.
• B) inelastic.
• C) of unit elasticity.
• D) horizontal.

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Definitions:

Adaptive Organizations

Companies that can quickly adjust to changes in the environment or market to maintain competitiveness.

Organic Designs

Organizational structures that emphasize adaptability, with teams or individuals having wide-ranging tasks and roles that evolve based on the project needs and external environment.

Decentralized Authority

A system where decision-making powers are distributed throughout various levels in an organization, rather than being concentrated at a single point.

Flat Structures

An organizational structure with few or no levels of middle management between staff and executives, promoting more direct communication.