Which of the Following Statements If False

question 177

Multiple Choice

Which of the following statements if false:

• A)Most industrialized,democratic societies ban the use of permanent strike replacements.
• B)Employers rely on permanent strike replacements only when the economic conditions warrant their use.
• C)Employers sometimes intentionally push unions to a strike so they can hire permanent replacements.
• D)A business could be kept open using temporary,rather than permanent strike replacements in most instances..

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Definitions:

Economic Profits

Economic profits are the total revenues of a firm minus the opportunity costs of all inputs, reflecting the additional gain over the normal profit.

Insurable Risks

Risks that meet certain criteria making them insurable, such as being definite, accidental, and potentially financially devastating to the insured.

Entrepreneur's Reward

The financial gain and intangible benefits an entrepreneur receives for taking on the risks and challenges of starting and managing a new business venture.

Profits And Losses

Financial results indicating the difference between a business's revenues and its costs over a period; profits indicate revenues exceed costs, whereas losses indicate the opposite.