The Principal Objective of Industrial Regulation Is to

question 139

Multiple Choice

The principal objective of industrial regulation is to

• A) increase product safety.
• B) promote improvements in the quality of life.
• C) protect the consuming public from the market power of natural monopolies.
• D) solve problems associated with industry, such as the problems of water and air pollution.

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Definitions:

Associational Unionism

A form of unionism where the union acts more as an association providing services and support to its members, rather than engaging in collective bargaining or industrial actions.

Exclusive Representation

a situation where a single labor union is designated as the sole representative of all employees in a bargaining unit, responsible for negotiating terms of employment.

Employee Empowerment Unionism

A labor movement approach focusing on strengthening workers' autonomy, decision-making, and participation in workplace and union governance.

Wage Rates

The standard amount of compensation that workers receive in exchange for their labor, often expressed per hour or per unit of work.