The Truth About Unions Today Is That They

question 86

Multiple Choice

The truth about unions today is that they

• A) are not nearly as prominent and thus not as powerful as they were in the 1950s.
• B) are more powerful today than they were in the 1950s.
• C) are used less today because they have proved to be ineffective.
• D) have grown in size, giving them more money to pay their employees, but they have not increased their effectiveness in helping their members.
• E) will remain a powerful force in particular industries, regardless of their loss of prominence.

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Definitions:

Treasury Yields

The returns on government securities that are considered risk-free; they serve as a benchmark for other interest rates.

Market-to-Book Ratio

A financial ratio that compares a company's market value (price of its stock) to its book value (total assets minus liabilities), used to evaluate whether a stock is under or overvalued.

Price-to-Sales Ratio

A valuation ratio comparing a company's stock price to its revenues, used to evaluate the company's size and growth potential.

Industry Life Cycle

The progression through various stages of business growth and decline that an industry experiences, typically including introduction, growth, maturity, and decline stages.