What Is the Reason Behind the Statement,"Today's Global Economy,combined with the Elimination

question 76

Multiple Choice

What is the reason behind the statement,"Today's global economy,combined with the elimination of anticompetitive regulations in several major industries,has reduced union bargaining power"?

• A) The costs of increased benefits cannot readily be passed on to consumers.
• B) Jobs in the global economy are associated with decreasing intellectual content.
• C) Unions exert the highest influence on employment practices through spillovers than they did in the past.
• D) The unions control labor supply on an international basis.

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Definitions:

Consolidated Entity

A group of companies that includes a parent and its subsidiaries, for which financial performance is presented in a single set of financial statements.

Book Value

The net value of a company's assets as recorded on the balance sheet, excluding intangible assets like goodwill.

Fair Value

Fair Value is the estimated market value of an asset or liability, based on current prices in an open market, used for financial reporting.

Gain Recognized

The profit that is realized and reported on the financial statements when an asset is sold for more than its carrying amount.