Why Do Unionized Firms Have Higher Skill Levels Than Nonunionized

question 6

Multiple Choice

Why do unionized firms have higher skill levels than nonunionized firms?

• A) There is increased competition in unionized firms.
• B) Employees are more willing to share job information.
• C) Most unionized firms adopt skill-based pay system.
• D) Unionized firms hire only highly-skilled labor.

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Definitions:

Constructive Trust

A constructive trust is an equitable remedy imposed by a court to address wrongful conduct, such as fraud or unjust enrichment, creating a fiduciary relationship over the property for the benefit of the wronged party.

Entitled

Having a legal right or a just claim to receive or do something.

Trustee

An individual or firm that holds or administers property or assets for the benefit of a third party.

Beneficiary

An individual or entity entitled to benefits or advantages from something, such as a trust, insurance policy, or a will.