There Is Evidence That the Presence of Unions in a Labor

question 103

Multiple Choice

There is evidence that the presence of unions in a labor market:

• A) can push wages up for non-union wage earners in the same market.
• B) can keep wages low for non-union wage earners in the same market.
• C) has no effect on the wages of non-union wage earners in the same market.
• D) has an identical effect on the wages of union and non-union wage earners in the same market.

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Definitions:

Profitability Ratios

Measures of a company’s overall financial performance by evaluating its ability to generate revenues in excess of expenses.

Inventory Turnover

Inventory turnover is a ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Return on Equity

A measure of the profitability of a business in relation to the equity, calculated as net income divided by shareholders' equity, expressing the company's ability to generate profits from its shareholders' investments.

Net Profit Margin

It is a financial metric that indicates how efficient a company is at generating profit compared to its revenue, expressed as a percentage.