Critics of Labor Unions Argue That Unions Are No Longer

question 51

Multiple Choice

Critics of labor unions argue that unions are no longer needed to protect workers from abusive and unfair treatment because

• A) the widespread use of ESOPs has given most workers control over their workplace.
• B) supply and demand conditions in labor markets now favor labor rather than management.
• C) laws and modern management attitudes minimize the possibility of unsafe working conditions and unfair treatment of workers found in earlier eras.
• D) most of the firms that treated workers poorly have moved their operations to foreign countries.

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Definitions:

Discount

A reduction in the price of goods or services offered by a seller, or the amount by which a bond is sold below its par value.

Validity

The extent to which a concept, conclusion, or measurement is well-founded and likely corresponds accurately to the real world.

Statement

A formal account or declaration of financial position or transactions, or a declaration of facts or opinions.

Company

A legal entity formed by individuals, stockholders, or shareholders, with the purpose of operating for profit, engaging in commercial and industrial activities.