How Is an Industrial Union Different from a Craft Union

question 98

Multiple Choice

How is an industrial union different from a craft union?

• A) All the members of an industrial union have a particular skill or occupation.
• B) An industrial union is often responsible for training its members through apprenticeships.
• C) An industrial union organizes as many employees in as wide a range of skills.
• D) An industrial union represents a particular occupation.
• E) An industrial union's members change employers more often.

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Definitions:

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and/or the physical factors of production.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and/or physical factors of production.

Production Functions

A mathematical relationship that describes how input factors such as labor and capital are converted into output or goods and services.

Substitute

A good or service that can be used in place of another good or service, often because they share similar characteristics or fulfill similar needs.