Which Statement Best Explains Why the Presence of a Union

question 21

Multiple Choice

Which statement best explains why the presence of a union influences HRM practices in an organization?

• A) The power of a group is greater than the power of an individual.
• B) Common law does not protect individual rights.
• C) The chilling effect reduces internal communication.
• D) Unionized employees cannot exit the firm.

Understand the economic principle of quasi-market prices for transportation and its effects on cost.

Know how inventory costs interplay with transportation decisions within supply chain management.

Understand the effects of transportation on the overall costs in supply chains.

Learn about the benefits and processes of temporal and physical aggregation in logistics.

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Definitions:

Return on Assets

A financial ratio that measures the profitability of a company in relation to its total assets.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue.

Sales

The activities involved in selling products or services, ultimately generating revenue for a business.

Decentralization

Assignment of decision-making rights to lower operating levels of an organization. Decreases cost of transferring specific knowledge needed to make decisions, but increases the cost of controlling behavior.