Which of the Following Is the Best Comparison of the Japanese

question 109

Multiple Choice

Which of the following is the best comparison of the Japanese and U.S.labor relations systems?

• A) Japan's labor system promotes industrial democracy, while the U.S. labor system does not.
• B) The U.S. labor relations system fosters greater trust between unions and management than does the Japanese system.
• C) Japan's unions have been decreasing in number as lifelong employment policies become weaker, while U.S. unions in both the private and public sector are growing.
• D) Japan's labor relations system leads to close personal relationships among managers, union leaders, and workers, while the U.S. system tends to be adversarial.

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Definitions:

Mutual Agency

A legal principle in partnerships where each partner has the authority to act on behalf of, and bind, the partnership in contractual agreements.

Unlimited Liability

Partners may be personally liable for debts of the partnership.

Limited Risk

Financial exposure that is knowingly restricted or minimized in investments or business operations.

Articles of Partnership

A legal document that specifies the rights, duties, and obligations of each partner participating in a partnership business.