Which of the Following Is a Characteristic of an Industrial

question 94

Multiple Choice

Which of the following is a characteristic of an industrial union?

• A) All the members are in the same occupation.
• B) Union leaders try to limit the number of members in order to maintain high wages.
• C) Members are linked by their work in a particular industry.
• D) Members change employers more frequently than in other types of unions.
• E) It is often responsible for training its members through apprenticeships.

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Definitions:

Market Potential

An estimate of the maximum total sales of a product or service by all suppliers in a market during a specific time period, under certain conditions.

FDA Approval

FDA Approval is the authorization granted by the U.S. Food and Drug Administration for a drug, medical device, or food product to be marketed or sold after meeting safety and efficacy standards.

Terminal Value

The value of an investment at the end of a specified period, often used in discounted cash flow analysis to estimate future cash flows beyond a forecast period.

Market Potential

An estimate of the maximum total sales of a product or service in a particular market over a specified period under ideal conditions.