From a Societal Standpoint, the Weakened Position of Unions in the U.S

question 2

Multiple Choice

From a societal standpoint, the weakened position of unions in the U.S. is potentially problematic for all of the following reasons except:

• A) A weakened labor movement is less able to provide management with the flexibility it needs to succeed in today's demanding competitive environment.
• B) Weaker unions are unable to counter trends toward a greater income inequality in society.
• C) Weaker unions are less able to provide training and work standards that ensure high quality, safe products and services, and safe working conditions.
• D) Aggrieved workers are pushed to strike or act out in other ways that are detrimental to the flow of goods and services or to public safety.

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Definitions:

Net Income

The total earnings a company makes after all expenses and taxes have been deducted from revenue.

Stockholders' Equity

Stockholders' equity represents the residual interest in the assets of a corporation after deducting its liabilities, essentially the net worth attributable to shareholders.

Note Payable

A legal obligation representing a loan or promissory note that requires the borrower to repay the lender a certain amount of money at a future date or on demand.

Cash Payment

A transaction in which money is paid immediately at the time of purchase, not on credit.