Which of the Following Is One of the Reasons That

question 82

Multiple Choice

Which of the following is one of the reasons that a union may increase employee benefits?

• A) Increased management control
• B) Unions discourage the development of two-tier pay plans
• C) Strong union-worker preference for benefits
• D) Unions lead to a reduction in wage differentials

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Definitions:

Savings Account

A bank account that earns interest over time, allowing individuals to save money for future use.

Deposits

Funds placed into an account in a bank or financial institution for safekeeping or to earn interest.

Compounded Monthly

Describes the process of calculating interest on both the initial principal and the accumulated interest from previous periods on a monthly basis.

Mortgage

A loan used to purchase real estate, secured by the property itself, which the borrower is obligated to pay back with a predetermined set of payments.