Brand names are
A) generally not a source of power
B) free
C) costly
D) an enforceable contract
QUESTION 2Not all similarly skilled workers are included in unions. As a result, wages for unionized workers tend to be ____ than for nonunion workers. Additionally, as a significant number of skilled workers seek work in the nonunion sector, the supply curve for nonunion labor shifts to the ____, thereby ____ wages for nonunion workers.
a. higher; right; reducing
b. higher; left; reducing
c. lower; right; increasing
d. lower; left; increasing
QUESTION 3An SCU can function effectively when:
a. the information flows to the SCU through the shortest route from the source.
b. the aims and interests of its members and those of division-level employees coincide.
c. the information flows to the SCU through a longer route, enabling multiple-level checks.
d. the organization has different groups of individuals independently analyzing different types of risk.
QUESTION 4A brand name can affect a firm's
A) price elasticity of demand
B) average total cost curve
C) normal profit
D) balance sheet
QUESTION 5The most significant factor enabling unions to negotiate increased wages for its members is likely:
a. that unions increase the demand for labor.
b. that unions decrease the supply of labor in the union sector.
c. that unions increase the marginal product of labor.
d. that unions increase the supply of labor in the union sector.
QUESTION 6Which of the following statements is true regarding organizations with self-contained units (SCU) for risk-management?
a. The SCU has final authority on risk assessment and uses information from employees with similar expertise at the division-level.
b. It works independently and information flows only between the SCU and headquarters.
c. The organization chart depicts a strong relation between the division-level employees who have information on risk and the SCU.
d. Employees with knowledge of division level-risks are transferred to the SCU.
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