(517)Which of the Following Statements Regarding Unions Is Not True

question 25

Multiple Choice

(517) Which of the following statements regarding unions is not true?

• A) Union membership has fallen from approximately 20 to 12 percent since 1983.
• B) Approximately 37 percent of the public sector and 7 of the private are unionized.
• C) Since 1977, unions have been losing more certification elections.
• D) Since 1977, the number of certification elections has declined.

---

Definitions:

Incremental Cost Approach

A decision-making process that focuses on the changes in total cost resulting from a specific business decision, considering only the relevant costs and benefits that differ between alternatives.

Operating Costs

Expenses associated with running a business's core activities on a day-to-day basis, such as salaries, rent, and utilities.

Discount Rate

The discount rate that is employed during discounted cash flow evaluation to ascertain the present valuation of future expected cash flows.

Simple Rate of Return

A financial metric that calculates the gain or loss of an investment over a specific period as a percentage of the investment's initial cost.