Which of the Following Statements Is Correct

question 54

Multiple Choice

Which of the following statements is correct?

• A) There is clear evidence that unions have increased the average level of real wage rates for all workers.
• B) When fringe benefits are taken into account,the overall compensation of union and nonunion workers is equal.
• C) Approximately 10 percent of all work time is lost annually because of strikes.
• D) There were 19 major work stoppages in the United States in 2011.

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Definitions:

Average Investment

The mean amount invested in certain assets or projects over a specific time period, aiming to gauge investment activity.

Net Working Capital

The gap between what a business owns in short-term assets versus what it owes in short-term liabilities.

Net Fixed Assets

The value of a company’s property, plant, and equipment (PP&E) minus its accumulated depreciation, indicating the net book value of its fixed assets.

Total Assets

The sum of all assets owned by a company, including cash, inventories, property, and equipment.