The Presence of Unions Results in Which of the Following

question 40

Multiple Choice

The presence of unions results in which of the following effects on compensation practices in that industry EXCEPT:

• A)Unionized organizations pay more
• B)Unionized organizations have less-performance-based pay
• C)Unionized organizations tend to offer better benefits
• D)Unionized and nonunionized organizations pay similar wages
• E)All of the above are union effects

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Definitions:

Net Operating Income

A company's income after operational expenses have been deducted but before taxes and interest are considered.

Milling Machine Minutes

A measure of manufacturing time that represents the total minutes a milling machine is engaged in production.

Monthly Demand

The total quantity of a product or service that consumers are willing and able to purchase in a month.

Selling Price

The amount a buyer pays to purchase a product, determined by cost, market demand, and competition.