Asked by Jurgen Brecani on Jul 26, 2024
Verified
Financialization refers to:
A) the increased focus of corporations on deriving profits through financial transactions rather than through the delivery of goods and services.
B) the increased focus of unions on deriving revenues through increasing membership and union dues.
C) the declining importance of financial markets in determining labor relations outcomes.
D) the increased tendency of management to evaluate labor relations based upon financial outcomes, rather than a humanistic outcomes.
Financialization
The increasing influence of financial markets, financial motives, financial institutions, and financial elites on the economy and society at large.
Financial Transactions
Activities involving the exchange of money or monetary value between individuals, organizations, or financial institutions.
Corporate Profits
The financial surplus gained by a company after all expenses and taxes have been deducted from total revenue.
- Examine the effects of economic and sociopolitical contexts on labor interactions, with a focus on the significance of financialization.
Verified Answer
Learning Objectives
- Examine the effects of economic and sociopolitical contexts on labor interactions, with a focus on the significance of financialization.
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