Biotex Is an Enterprise That Is Composed of Three Parts

question 38

Multiple Choice

 Biotex is an enterprise that is composed of three parts.Its biotech section,which is working to develop crops that are pest and disease-resistant,provides about half of its sales.Pharmaceuticals from its G.D.Searle subsidiary contribute a third of its revenues; and food products,dominated by the artificial sweetener NutraSweet,make up less than 20 per cent of its total revenue.These three divisions under Biotex would generally: 

• A) have no competitors.
• B) lack the power to operate independently.
• C) have centralized planning and management.
• D) have their own distinct missions.

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Definitions:

Business Unionism

A labor union strategy focusing on negotiation of immediate economic benefits for workers, such as wages and job security, over broader social objectives.

21st Century

Refers to the current century, marked by advanced technology, globalization, and evolving workplace dynamics including shifts in labor relations and employment patterns.

Representation Gap

The discrepancy between workers who are members of a labor union and those who are not but would like to be, indicating a lack of union representation.

National Labor Relations Act

A foundational U.S. labor law enacted in 1935 that protects the rights of employees to organize, engage in collective bargaining, and participate in strikes and other union activities.