Economic Returns from _____ Are Substantially Greater Than Costs of Organizing

question 40

Multiple Choice

Economic returns from _____ are substantially greater than costs of organizing for employees in most industries.

• A) picketing
• B) craft severance
• C) decertification elections
• D) union representation

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Definitions:

Efficiency

The degree to which resources are allocated in a way that maximizes productivity and minimizes waste or inefficiency.

Equity

Fairness or justice in the way people are treated or in the distribution of resources, or ownership interest in a company or property.

Equity

Fairness or justice in the way people are treated, or the ownership interest of shareholders in a company.

Efficiency

The optimal production and distribution of resources in a way that maximizes the net benefit to society or an economy.