The Introduction of a Union into an Industry

question 16

Multiple Choice

The introduction of a union into an industry

• A)raises wages and employment in that industry.
• B)lowers wages and employment in that industry.
• C)lowers wages and raises employment in that industry.
• D)raises wages and lowers employment in that industry.

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Definitions:

Spontaneous Financing

Financing that arises naturally from the normal operation of a business, such as trade credit from suppliers.

Seasonal Working Capital

Additional funds a business may need at certain times of the year to manage increased operational activities.

Clean-Up Requirements

Environmental or legal directives that mandate the remediation of pollution or contaminants from a site.

Compensating Balance

A minimum account balance that a borrower is required to maintain with a lender, which can reduce the effective amount of loan available to the borrower.