Which of the Following Is True Regarding Approaches to Labor

question 57

Multiple Choice

Which of the following is true regarding approaches to labor relations?

• A) International businesses use mostly similar approaches to international labor relations.
• B) The trend is toward greater decentralized control of international labor relations.
• C) Historically, most international businesses have centralized the labor relations function.
• D) Many firms are now using the threat to move production to another country in their negotiations with unions.

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Definitions:

External Benefits

Advantages or positive effects generated by an economic activity that benefit individuals or entities not directly involved in the activity.

Market Forces

The natural forces of supply and demand that govern the functioning of the free market, determining prices and production levels.

Rival

Describes a good or resource that cannot be consumed by more than one person or entity at the same time without diminishing its availability to another.

Nonexclusive

A property of a good or service where one person's use does not diminish availability to others.