There Is a Kind of Power Derived from Simply Knowing

question 24

Multiple Choice

There is a kind of power derived from simply knowing something that others would like to know. For example, because of their ability to compile facts and report on latest trends, thus influencing the fate of companies or individuals, editors of trade publications are an example of those with:

• A) marketing power.
• B) expert power.
• C) information power.
• D) referent power.

Analyze the distinctions between different types of employment and labor law concepts, such as "equal pay for equal work" vs. "equal pay for comparable worth," and "closed shop" vs. "union shop."

Understand the types of discriminatory conduct prohibited by Title VII of the Civil Rights Act of 1964.

Comprehend the requirements and applicability of the Family and Medical Leave Act.

Identify remedies for violations of the Americans with Disabilities Act (ADA).

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Definitions:

Expansionary Gap

A situation where the actual output in an economy is greater than the potential output due to high demand.

Nominal Wages

The amount of money an employee is paid before adjustments for inflation, reflecting the current value of money.

Real Wages

The purchasing power of wages, adjusted for inflation, showing how many goods and services can be bought with a unit of labor.

Phillips Curve

An economic theory suggesting an inverse relationship between the rate of inflation and the rate of unemployment within an economy.