A Union Avoidance Approach That Involves Adopting Paternalistic Policies and Practices

question 23

Short Answer

A union avoidance approach that involves adopting paternalistic policies and practices that make unions less necessary is called union ______________________.

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Definitions:

Funded Status

A measure of the financial health of a pension plan, calculated as the difference between plan assets and liabilities.

Capital Constraints

Limitations that businesses face due to the scarcity of financial resources for investment.

Defined Benefit Pension Plans

Retirement plans where an employer promises a specified pension payment upon retirement, based on the employee's earnings and years of service.

Funded Status

A measure of a pension plan's assets relative to its liabilities, indicating whether it has enough assets to cover its pension obligations.