To Reduce Moral Hazard,a Firm May

question 33

Multiple Choice

To reduce moral hazard,a firm may

• A)pay workers at a piece rate.
• B)offer a year-end bonus if firm profits are up.
• C)offer stock options.
• D)All of the above.

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Definitions:

Uplift Union

An approach to unionism that focuses on the moral improvement and educational advancement of workers, beyond just economic concerns.

Craft Unionism

A form of trade unionism where the members are skilled workers from the same craft or trade, focusing on the interests and skills specific to their profession.

Business Unionism

A model of unionism focused on improving wages, hours, and working conditions, rather than broader social or political issues.

Reform Unionism

A strategy within labor unions that focuses on broader social issues beyond traditional labor rights, including social justice, environmental concerns, and political activism.