Which of the Following Is Are) Correct Regarding Unionization in the Public

question 16

Multiple Choice

Which of the following is are) correct regarding unionization in the public sector:

• A) The public sector was unionized before the private sector.
• B) Union density is higher in the private sector than in the public sector.
• C) The percentage of union members who are female is higher in the public sector than in the private sector.
• D) a and c
• E) b and c

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Definitions:

Income and Loss Sharing

A method often used in partnership agreements where profits and losses are distributed among partners according to pre-agreed proportions.

Creditors' Claims

Rights of lenders to claim assets of a debtor in case of default.

Income and Loss Ratio

Usually referred to as the "loss ratio" in insurance, it is a metric that compares losses (claims paid and adjustment expenses) to premiums earned.

Capital Account

The capital account in accounting represents where all transactions involving the purchase and sale of capital assets are recorded, often reflecting the net worth of a business.