Which of the Following Is Not a Contention of Advocates

question 395

Multiple Choice

Which of the following is not a contention of advocates of unions?

• A)Unions are a necessary antidote to the market power of the firms that hire workers.
• B)In the case of a "company town," a union may balance the firm's market power and protect the workers from being at the mercy of the firm's owners.
• C)The introduction of a union benefits all workers in a firm.
• D)Unions are important for helping firms respond efficiently to workers' concerns.

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Definitions:

Share Options

Financial derivative instruments that give the holder the right, but not the obligation, to buy or sell company shares at a specified price before a specified date.

Share Option Plans

Compensation strategies used by organizations to offer employees the option to buy company shares at a future date at a price established when the option is granted, incentivizing long-term commitment.

Predetermined Price

A price set in advance, often based on cost calculations, market predictions or agreements, before a transaction takes place.

Labor Productivity

refers to the amount of goods and services produced by one hour of labor.