Empirical Estimates Generally Show That Unions Reduce

question 26

Multiple Choice

Empirical estimates generally show that unions reduce:

• A)both firm profitability and economic efficiency
• B)firm profitability but improve economic efficiency
• C)firm profitability but there is no consensus regarding their effects on economic efficiency
• D)economic efficiency but there is no consensus regarding their effects on firm profitability

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Definitions:

Assigning Work

Effectively deploying personnel, designating duties, and giving orders, following such proven principles as know what you want to communicate before giving an order; ask rather than tell, but leave no doubt that you expect compliance; be considerate but never apologetic for asking someone to do a job; take responsibility for the orders you give; give people the opportunity to ask questions and express opinions; follow up to make sure assignments are being accomplished.

Employee's Time

The period during which an employee is at work or is expected to be working.

Training Level

The extent or degree of depth and complexity in which skills and knowledge are imparted to individuals during a training program.

Peter Principle

A term coined by author Lawrence J. Peter describing the tendency to promote individuals to their levels of incompetence. The overpromotion syndrome harms the individual and the organization because it inevitably results in lowered morale and job performance.