Which of the Following Is Not a Contention of Advocates

question 395

Multiple Choice

Which of the following is not a contention of advocates of unions?

• A)Unions are a necessary antidote to the market power of the firms that hire workers.
• B)In the case of a "company town," a union may balance the firm's market power and protect the workers from being at the mercy of the firm's owners.
• C)The introduction of a union benefits all workers in a firm.
• D)Unions are important for helping firms respond efficiently to workers' concerns.

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Definitions:

Current Ratio

A liquidity ratio that measures a company's ability to pay off its short-term liabilities with its short-term assets.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations with its short-term assets.

Liquidity

The ability of an asset to be quickly converted into cash without significant loss in value.

Times Interest Earned Ratio

A financial metric that measures a company's ability to meet its debt obligations by comparing its income before interest and taxes to its interest expenses.