What Role Do Labor Unions Play in Apprenticeship and Technical

question 2

Multiple Choice

What role do labor unions play in apprenticeship and technical skills training?

• A)none - it would violate the National Labor Relations Act
• B)none - unions have shown no interest in this area
• C)they are generally a full partner with the company in these programs
• D)in effective programs, the Union usually takes an adversarial role and opposes company training

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Definitions:

Benchmark

A standard or point of reference against which things may be compared or assessed, particularly in the financial markets to measure the performance of stocks or funds.

Interest Rate Parity Theory

Interest Rate Parity Theory is an economic theory which suggests that the difference in interest rates between two countries is equal to the expected change in exchange rates between their currencies.

Exchange Rates

The rate at which one currency can be exchanged for another, influencing international trade and capital flow between countries.

Equilibrium

In economics and finance, a state where supply equals demand, and market forces are in balance, resulting in stable prices.