Labor Unions

question 45

Multiple Choice

Labor unions

• A)prefer to operate in states with right-to-work laws.
• B)are similar to cartels.
• C)play a larger role in the current U.S.economy than in European countries such as Norway and Sweden.
• D)attract a membership of about 25 percent of current U.S.workers.

---

Definitions:

Activity

Actions taken or work performed, typically aimed at achieving certain goals or objectives.

Profitability

The ability of a business to earn a profit, which is a financial gain that results when the amount of revenue gained from business activities exceeds the expenses, costs, and taxes involved in sustaining the activity.

Asset Management

The practice of strategically managing company or individual assets to increase value and achieve financial objectives.

Return on Assets

A financial ratio that indicates how profitable a company is relative to its total assets, demonstrating the efficiency of management in using assets to generate profit.