All of the Following Are Benefits of Labor Unions EXCEPT

question 118

Multiple Choice

All of the following are benefits of labor unions EXCEPT

• A) unions reduce wage inequity.
• B) unions increase the stability of the workforce.
• C) unions give workers a political voice.
• D) unions maximize employment for all workers.

---

Definitions:

Trading Securities

Financial instruments bought and held primarily for selling them in the short term to profit from their price changes, recorded as current assets on the balance sheet.

Fair Value

The estimated market price of an asset or liability that is agreed upon by a willing buyer and seller in an arm's length transaction.

Financial Statements

Documented accounts that describe an enterprise's monetary operations and situation, featuring the balance sheet, income statement, and cash flow statement.

Available-For-Sale Securities

Available-For-Sale Securities are financial assets that are not classified as held-to-maturity or trading securities. These can be sold in response to liquidity needs or changes in interest rates, market conditions, or investment strategies.