_____ Deal with Unionized Employees in Organizations Where Human Resource

question 67

Multiple Choice

_____ deal with unionized employees in organizations where human resource professionals have limited involvement with labor relations.

• A) Top managements
• B) Board of directors
• C) Operating managers
• D) Labor-law consulting firms

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Definitions:

Socialism

An economic system in which the government owns most of the productive resources except labor; it usually involves the redistribution of income.

Private Ownership

The ownership of property and businesses by individuals or corporations rather than by the government or the public as a whole.

Redistribution of Income

The transfer of income and wealth from some individuals to others through a social mechanism such as taxation, charity, welfare, public services, land reform, or monetary policies.

Circular Flow Model

An economic model that depicts the movement of goods, services, and money between households and businesses in an economy.