In Terms of the Impact of Unions on Company Performance,it

question 54

Multiple Choice

In terms of the impact of unions on company performance,it can be concluded that companies wishing to become more competitive must:

• A) continually monitor their labor relations strategy.
• B) prohibit unions.
• C) actively encourage unions.
• D) deny collective bargaining rights to their employees.
• E) pay workers well above market rates.

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Definitions:

Empiricism

A philosophical standpoint emphasizing evidence-based knowledge acquired through observation and experimentation.

Falsifiability

A principle stating that for a hypothesis to be scientifically valid, it must be possible to conceive an observation or an argument which could negate it.

Intuition

The ability to understand or know something immediately, based on feelings rather than facts.

Cognitive Biases

Systematic patterns of deviation from norm or rationality in judgment, whereby inferences about other people and situations may be drawn in an illogical fashion.