Asked by Ntswaki Mereki on Jun 04, 2024
Verified
Which one of the following research findings is most consistent with the hypothesis that unions increase productivity?
A) Other things equal,firm profits are lower where unions are present.
B) Union workers receive,on average,higher fringe benefits relative to wages than nonunion workers.
C) The average amount of work time lost annually to strikes is surprisingly small.
D) Labor turnover is less in unionized firms than in nonunionized firms.
Unionized Firms
Companies or organizations where the workforce is represented by a union, which negotiates wages, working conditions, and other employment terms.
Productivity
A measure of the efficiency of production often quantified as the ratio of outputs produced to inputs used over a specified period.
Firm Profits
The net income a company retains after deducting all costs, taxes, and expenses from its total revenue.
- Examine the influence of labor unions on output, workforce stability, and financial effectiveness.
- Examine the conceptual and practical debates regarding the advantageous and detrimental impacts of labor unions on employment sectors.
Verified Answer
Learning Objectives
- Examine the influence of labor unions on output, workforce stability, and financial effectiveness.
- Examine the conceptual and practical debates regarding the advantageous and detrimental impacts of labor unions on employment sectors.
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