Financialization Refers To

question 149

Multiple Choice

Financialization refers to:

• A) the increased focus of corporations on deriving profits through financial transactions rather than through the delivery of goods and services.
• B) the increased focus of unions on deriving revenues through increasing membership and union dues.
• C) the declining importance of financial markets in determining labor relations outcomes.
• D) the increased tendency of management to evaluate labor relations based upon financial outcomes, rather than a humanistic outcomes.

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Definitions:

Unemployment Rate

The percentage of people in the labor force who are not currently employed but are seeking work.

Labor Force

The total number of people who are eligible and willing to work, including both employed and unemployed individuals.

Recovery Phase

A period in the economic cycle where economic activity picks up and grows, following a recession or slowdown.

Business Cycle

The fluctuation of economic activity over time, including periods of expansion, peak, recession, and recovery.