If Individuals Must Join a Union Before They Can Be

question 46

Multiple Choice

If individuals must join a union before they can be hired by a firm, what kind of shop are they entering?

• A)closed
• B)restricted
• C)union
• D)agency

---

Definitions:

Profitability Ratios

Measures of the income or operating success of a company for a given period of time.

Operating Effectiveness

The efficiency with which a company utilizes its resources to produce goods or services and operates its business processes.

Horizontal Analysis

Horizontal analysis is a financial analysis technique that shows changes in the amounts of corresponding financial statement items over a period of time, aiding in the assessment of financial performance and trends.

Vertical Analysis

A financial analysis method that expresses each item in a financial statement as a percentage of a base amount, facilitating period-to-period and company-to-company comparisons.