According to Various Studies on Union's Effects on a Firm's

question 77

Multiple Choice

According to various studies on union's effects on a firm's performance:

• A) unionized firms are 20 percent more productive than nonunionized firms in auto parts industries.
• B) productivity was higher in public sector establishments in the hospital industry.
• C) student achievement was negatively affected by unionization in education.
• D) nonunionized workers were more productive than unionized workers in the construction industry.

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Definitions:

Contract Law

The branch of law dealing with the formation, interpretation, and enforcement of contracts.

Uniform Commercial Code (UCC)

The UCC codifies and harmonizes trade laws across the United States, facilitating interstate commerce.

Convention on Contracts

Refers to international treaties or conventions that lay down rules for contracts, particularly in international trade, such as the United Nations Convention on Contracts for the International Sale of Goods (CISG).

Revoke the Offer

The act of withdrawing a proposal that was previously presented to another party before it has been accepted.