If a Union Is Successful in Negotiating a Wage Rate

question 223

Multiple Choice

If a union is successful in negotiating a wage rate which is above the market clearing wage, then which of the following would not occur?

• A) The higher wages attract more workers leading to a shortage of jobs.
• B) Management may replace part of the workforce with machinery.
• C) To handle the surplus of labor the union will form a closed shop.
• D) The union may shift the supply of labor curve by developing methods to ration jobs.

Learn about the impact of skill levels and continuity in processes on labor and efficiency variances.

Identify the skills and qualities employers expect from graduates in entry-level positions.

Understand the importance and methods of context analysis in business communication.

Comprehend the characteristics of a comprehensive message in business communication.

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Definitions:

Visual Self-recognition

The ability to recognize oneself in a mirror or photograph, often considered a marker of self-awareness in humans and some animals.

Finger Painting

A form of art creation where fingers are used as brushes to apply paint onto a surface.

Cognitive Aspect

Related to the mental processes involved in perception, memory, judgment, and reasoning.

Personal Aspect

An individual's characteristics, traits, or personal attributes that define their unique identity and personality.