Chap 1 Labor - Chapter 01 Introduction Chapter 01...

This preview shows page 1 - 4 out of 15 pages.

Chapter 01 - IntroductionChapter 01IntroductionTrue / False Questions1.(p. 1)Labor relations is the set of processes that unions and employers develop and use to resolve conflicts between employees and their representatives while accommodating each of their various goals of each.
2.(p. 1)Stock markets create the opportunity to make ownership highly liquid by providing an institutionalized mechanism for the purchase and sale of shares.
3.(p. 2)Investors and directors of a company are the people responsible for making its operational decisions.
4.(p. 2)Unions are developed to take over companies.
5.(p. 3)In democracies, laws and regulations ultimately reflect the will of the electorate.
6.(p. 3)Unions can exist without employers, but employers cannot exist without unions.
7.(p. 4)While union representation has declined from 35 percent to less than 12 percent since 1955, unions continue to exert influence on employment practices through spillovers.
1-1
Chapter 01 - Introduction8.(p. 5)Each year, the administrative costs of obtaining and exercising monopolies in the U.S. are about 2 percent of the gross domestic product.
9.(p. 5)Unionization provides employees a voice in how the employment relationship is implemented in their workplaces.
10.(p. 7)Groupthink is a pervasive phenomenon that occurs when a group perceives danger.
11.(p. 9)Workers in companies with innovative human resource management practices are less likely to desire unions.
12.(p. 9)Employees are more likely to vote for unions due to job task characteristics rather than dissatisfaction with employment conditions.
13.(p. 10)Dissatisfaction is consistently associated with turnover.
14.(p. 14)A national survey of employees found that a majority believes management is willingto work closely with employees.
15.(p. 16)Union action cannot influence public policy decisions on potentially favorable tax abatements for employers.
1-2
Chapter 01 - Introduction16.(p. 16)The policies of large national unions are influenced strongly by the actions of majorities of local union members.
17.(p. 17)Satisfaction of nonunion employees has drastically decreased when compared to that of unionized workers, thereby eliminating the motivation to organize.
18.(p. 18)Prices, and ultimately wages, are controlled by collective bargaining rather than by the market.
19.(p. 19)If income distribution is perceived as unfair, as median voters, the middle class may seek collective bargaining as a method for restoring an appropriate balance.
20.(p. 19)Recent econometric studies find that income inequality has increased as union coverage increased.
21.(p. 19)The difference in average wage rates between unionized and nonunion workers in similar occupations is lesser in the United States than in almost every other developed economy.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture