Which of the Following Statements About Unionization Is True

question 33

Multiple Choice

Which of the following statements about unionization is true?

• A) Labor unions can increase wages but have virtually no impact on benefits.
• B) Work stoppages due to strikes have become less common, and shorter, in the last 50 years.
• C) Union membership has risen in the last 50 years as the American workforce comes under a serious threat from globalization.
• D) The public sector is not heavily unionized compared to the private sector because government jobs already pay well.

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Definitions:

Hurdle Rate

The minimum acceptable rate of return on an investment that a manager or company would consider in order to pursue the project.

Accounting Rate of Return

A financial ratio that measures the expected profit from an investment compared to its initial cost.

After-Tax Net Income

The profit remaining after all operating expenses, including taxes, have been deducted from total revenue.

Annual Investment

The amount of money invested in a particular asset or project on a yearly basis.