Refer to the Information Provided in Table 15

question 281

Multiple Choice

Refer to the information provided in Table 15.1 below to answer the questions that follow.
Table 15.1
-Refer to Table 15.1. What is the real wage rate in 2015 using 2014 as the base year?

• A) $7.14
• B) $9.80
• C) $10.00
• D) $14.00

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Definitions:

Labour Relations Board

A governmental body responsible for overseeing and enforcing labor and employment laws, specifically relating to collective bargaining and union rights.

Collective Bargaining

The process of negotiation between employees, usually through their unions, and employers on terms of employment, such as wages and working conditions.

Organization Test

A test for employment based upon an examination of the services in relation to the business itself.

Fourfold Test

A method used to determine the status of a worker, assessing criteria such as control, ownership of tools, chance of profit, and risk of loss.