Unions Exist Primarily Because ________

question 24

Multiple Choice

Unions exist primarily because ________.

• A) managers always try to take advantage of workers
• B) managers may take actions to benefit other stakeholders at the expense of workers
• C) union leaders force people to form and join unions
• D) the law requires that all employees be part of a union

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Definitions:

Future Value Factors

Numerical factors used to calculate the future value of an investment after accounting for interest rates and time periods.

Reciprocals

Mathematical expressions that represent the inverse of a given number or quantity, such that the product of a number and its reciprocal equals one.

Present Value

The present calculation of a future monetary amount or series of cash inflows, using a particular return rate.

Cash Flows

The sum of all money transfers into and from a business, significantly altering its capacity to handle liquid assets.