Instead of Comparing the Salaries of Detroit Autoworkers to Foreign

question 109

Multiple Choice

Instead of comparing the salaries of Detroit autoworkers to foreign autoworkers to determine if Union labour prices are the cause of Detroit's financial woes, which of the following should be used?

• A) labour content per vehicle
• B) labour productivity
• C) total production
• D) average productivity
• E) salary is the best comparison

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Definitions:

Company's Management

The group of individuals who operate at various levels within a company and are responsible for making decisions, implementing strategies, and running day-to-day operations.

Interest Receivable

An accounting term referring to the interest income that has been earned but not yet received in cash.

Interest Revenue

Income earned from lending funds or investing in interest-bearing financial assets.

Retained Earnings

The portion of a company's profit that is held or retained and not paid out as dividends to shareholders, used for reinvestment in the business, to pay debt, or to buy back shares.