Unionization provides ____ in given occupations, and as a result, wage rates in these occupations have a tendency to ____.
a. barriers to entry; decrease
b. barriers to entry; increase
c. ease of entry; decrease
d. ease of entry; increase
QUESTION 2General Motors was able to gain advantage over Ford in the 1920s primarily because:
a. the latter failed to adapt its product policy and organization structure to meet the demands of the changing market.
b. the former had always been an M-form and better managed organization.
c. the latter charged higher prices for its cars than General Motors.
d. the former was vertically integrated with better control over its input production than Ford.
QUESTION 3Which model tends to focus on the internal assets of a company?
A) five-forces model
B) resource-based model
C) supply and demand model
D) profit-maximization model
QUESTION 4Labor unions:
a. have no influence over wages.
b. can influence wages by restricting labor supply.
c. are illegal in the United States.
d. have significantly increased their membership in the last two decades.
QUESTION 5A matrix form is more likely to be found in organizations which:
a. produce one product and operate in a single market.
b. produce many products and operate in a single market.
c. produce one product and operate in multiple markets.
d. produce many products and operate in multiple markets.
QUESTION 6In which market type does the firm face the most inelastic demand curve?
A) perfect competition
B) monopolistic competition
C) monopoly
D) oligopoly
QUESTION 7Which of the following is not a reason it is harder to unionize in the fast growing service industry?
a. Service sector jobs are often in small firms, making it difficult to organize large numbers of employees across the industry.
b. Service industry jobs are often standardized, reducing the need for unions to negotiate working conditions.
c. Employees in the service sector often work more closely with management.
d. Service industry jobs are more varied, making it harder to negotiate as a group.
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