According to Equity-Efficiency Theory, Unions Usually Focus on Efficiency

question 21

True/False

According to equity-efficiency theory, unions usually focus on efficiency.

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Definitions:

Abnormally Dangerous Activity

An abnormally dangerous activity is any activity that inherently involves a high risk of harm or injury to people or property, even when all possible safety measures are taken.

Strict Liability

A legal doctrine holding an individual or entity responsible for damages or injuries caused by their actions or products, regardless of fault or intention.

Significant Risk

Refers to a risk level that is substantial enough to warrant attention or action, often used in legal, financial, and health contexts to denote risks that are not negligible or minor.

Liable For Negligence

Being legally responsible for harm caused as a result of failing to exercise a level of care that a reasonably prudent person would have in a similar situation.