Victoria Has Become a Union Representative at the Distribution Company

question 62

Multiple Choice

Victoria has become a union representative at the distribution company where she works. She plans to focus her energies on increasing annual pay raises and the range of benefits offered to full and part time workers. She also feels the warehouse needs a good cleaning and older equipment should be replaced. What would Victoria's approach be an example of?

• A) Pre-strike activity
• B) Social unionism
• C) Information picketing
• D) Political unionism
• E) Business unionism

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Definitions:

Diseconomies of Scale

The phenomenon where, as a firm expands, its costs start increasing per unit of output, usually due to inefficiencies and management challenges that arise with size.

Diminishing Returns

A principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase and may decrease.

Natural Monopoly

A market structure where a single provider is more efficient in supplying the entire market with a product or service, due to high fixed or startup costs.