Which of the Following Is a Constraint Frequently Placed on Management

question 35

Multiple Choice

Which of the following is a constraint frequently placed on management by organized labor?

• A)restrictions on the repatriation of capital
• B)limits on the firm's ability to vary employment levels when necessary
• C)rigid requirements for bargaining with global unions
• D)restrictions on borrowing from private banks

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Definitions:

Productivity Growth

The increase in the efficiency of production, measured by the amount of goods and services produced per unit of input.

Unionized Workers

Employees who are members of a union, which is an organized association formed to protect and further their rights and interests.

Substitution Effect

The economic understanding that as prices rise or income decreases, consumers will replace more expensive items with less costly alternatives.

Income Effect

The change in an individual's or economy's purchasing power due to a change in income, affecting the quantity of goods and services bought.