Asked by Taylor Schmidt on Jul 27, 2024
Verified
The presence of unions is usually found to decrease company profits.
Unions
Organizations that represent the collective interests of workers in negotiations with employers regarding pay, working conditions, benefits, and other labor issues.
Company Profits
The financial gains made by a company after all expenses have been paid.
- Analyze the impact of unionization on company profits, worker satisfaction, and job turnover rates.
Verified Answer
TR
Tyler RolandJul 29, 2024
Final Answer :
True
Explanation :
Unions often negotiate for higher wages and better benefits for their members, which can increase labor costs for the company and decrease profits. Additionally, unions may engage in strikes or other work stoppages that can disrupt company operations and further reduce profits.
Learning Objectives
- Analyze the impact of unionization on company profits, worker satisfaction, and job turnover rates.
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