Unions Can Ration the Excess Supply of Labor Generated by the Establishment

question 135

Multiple Choice

Unions can ration the excess supply of labor generated by the establishment of a wage that is above the competitive wage by

• A) lengthening the time period for apprenticeship programs.
• B) lowering union dues.
• C) encouraging older workers to take early retirement.
• D) having more intensive membership drives to ensure a larger proportion of workers are covered by the union contract.

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Definitions:

Matrix Corporation

A complex organizational structure that combines functional and product departments in a dual authority system.

Labor Costs

The total expenses associated with employing staff, including wages, benefits, and taxes.

Shareholders

People or organizations that hold stock in a corporation, granting them specific rights and an interest in how well the company does.

Ethical and Legal Harmony

The ideal state in which ethical principles and legal regulations align to guide individual and corporate behavior without conflict.