Beth is unhappy with the fact that she and other employees in the company haven't received a raise in over two years, and the company has recently reduced their health care benefits. Several other employees have been talking about forming a union at the company, and she thinks this would be a good idea. Her motivation in joining a union likely is:
A) to combat her feelings of alienation.
B) because her mother believed strongly in the union.
C) because belonging to a union would improve her pay and benefits.
D) to increase her job security.
E) because she must join to keep her job.
Question 2 - Perfect competition is characterized by:
A) many buyers and many sellers.
B) few buyers and few sellers.
C) few buyers and many sellers.
D) many buyers and few sellers.
E) a few companies that control the market.
Question 3 - Unionized workers for the Public Service Electric and Gas Company in Long Island, New York, negotiated a contract with a no-layoff clause. What objective of unionization does this best illustrate?
A) Increased job security
B) Defined grievance procedures
C) Higher compensation
D) Improved work rules and working conditions
E) Power through solidarity
Question 4 - Lita works for a real estate development company that builds office complexes and leases them to private businesses and nonprofit organizations. Although her company owns the land upon which it builds and has the right to profits from its activities, it often has to navigate a variety of regulations, permits, and taxes whenever it starts a new development. Lita's employer most likely operates in what kind of economy?
A) Planned
B) Mixed
C) Communist
D) Socialist
E) Laissez-Faire
Question 5 - A formally established course of action for resolving employee complaints against management is called a:
A) grievance procedure.
B) ratification.
C) boycott.
D) mediation.
E) jurisdiction.
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