Which of the Following Statements Is TRUE of the Operation

question 50

Multiple Choice

Which of the following statements is TRUE of the operation of a construction industry unit?

• A) In the construction industry, an employer may begin to bargain with a union before any employees are hired for a new project.
• B) A construction industry unit is required to show that it represents a majority of the employees in an appropriate bargaining unit before it bargains with the employer.
• C) For a Project Labor Agreement to be applicable, it is required that only union labor is used on the project.
• D) A Project Labor Agreement gives a union leverage in securing necessary permits, resulting in a "labor monopoly" on the project.

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Definitions:

Labor

Human endeavor, incorporating both the physical and the mental, aimed at producing goods and services.

Demand Curve

A graphical representation of the demand function, showing the relationship between the price of a good and the quantity demanded, typically downward-sloping.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that consumers are willing to purchase at different prices.

Profit-Maximizing Output

The point of production where a company reaches its maximum possible profit.