An Important Unanswered Question About the Role of Unions in Developed

question 115

Multiple Choice

An important unanswered question about the role of unions in developed economies is whether the presence of unions affects long-run productivity.There is some evidence to suggest that the presence of a union

• A)increases the human capital of unionized workers,which leads to increased long-run productivity for the firm.
• B)reduces the demand for labour and therefore the demand for physical capital.
• C)decreases the human capital of unionized workers,and therefore reduces long-run productivity.
• D)reduces the level of employment (because of the union-wage premium)and thus raises the marginal product of labour.
• E)reduces the expected profitability of installed capital and therefore leads to reduced capital investment by firms.

Comprehend the methods and journal entries associated with the issuance, interest payment, and retirement of bonds and notes.

Understand the effects of converting bonds into stock on a company's financial statements.

Explain the present value concept and its application to long-term liabilities and financing options.

Understand the basic functionalities and editing tools in Word.

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Definitions:

Total Overhead Variance

The difference between the actual overhead costs incurred and the standard overhead costs allocated for a particular period, used for budgeting and cost control purposes.

Overhead Controllable Variance

The difference between actual overhead expenses incurred and the budgeted or expected overhead costs that can be managed or controlled.

Standard Hours Allowed

The predetermined amount of time expected to be taken to complete a specific task or job under normal conditions.

Overhead Volume Variance

The difference between the budgeted overhead cost and the applied overhead cost based on actual activity levels.