Elasticity of demand for a firms product

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Reference no: EM13738217

Question 1: Unions and corporations are forbidden to make political contributions in any elections involving the choice of __________.

state officeholders
federal officeholders
municipal officeholders
private employees

Question 2: The __________ determine(s) what group of employees would constitute an appropriate unit for a representation election and subsequent bargaining.

National Labor Relations Board
Federal Mediation and Conciliation Board
Bureau of Labor Statistics
Federal Contract Compliance Programs

Question 3: The __________ Act was enacted following the largest incidence and the most time lost from work due to strikes of any year in U.S. history.

Landrum-Griffin
Norris-LaGuardia
Railways Labor
Taft-Hartley

Question 4: Which of the following best explains interchangeability and degree of contact among employees in determining appropriateness of the petitioned unit?

If employees transfer frequently across plants or offices, their community of interest may be similar, leading the board to designate a multi-plant unit.
If employees in two or more different occupations worked under common supervision, a unit including only one of the occupations would probably be inappropriate.
Employees at a particular facility may have differences in job duties, but similar levels of skills and be considered as an appropriate group for organizing.
Differences in pay rates or benefits would not necessarily lead to a unit being found to be inappropriate.

Question 5: Employees who are hired after __________ need to be recruited to join and get socialized to better understand and support the union's goals.

the negotiation of the neutrality pledges
decertification elections
craft severance
unionization in the firm

Question 6: When does the elasticity of demand for a firm's product increase substantially?

When an industry is no longer concentrated
When there is decreased consumer attention to quality
When there is non-availability of labor
When there is a lack of substitute products

Question 7:When is the supply of labor elastic?

When an employer is a relatively small factor in a labor market
When there are a lot of employment opportunities in the market
When several employers hire the same type of labor simultaneously
When the rate of unemployment is low in the market

Question 8: According to an extensive study of union wage differentials:

the private sector wage premium is higher today than it was in the 1970s.
public sector wage effects are smaller than those in the private sector.
nonunion workers are able to resist employers' efforts to reduce wages better than unionized workers.
there remains big variation in the premium across workers.

Question 9: One of the Scanlon plan's major purposes is to:

minimize employee participation.
increase labor input for a given output.
reward only employees for productivity gains.
tie pay to company performance.

Question 10: According to a study across income distribution in Canada:

employees whose earnings are in the top quintile lose from unionization.
employees whose earnings are in the lowest quintile lose from unionization.
average earning of the nonunion worker in the first four quintiles is higher than the nonunion worker.
employees who are most advantaged in the labor market benefit the most.

Question 11: Which condition raises union spillovers?

High unemployment
Increasing inflation
High standard-of-living
Economic expansion

Question 12: When does the narrowing of union-nonunion wage gap occur?

During periods of expansion
During periods of high unemployment
When wages have eroded
When inflation is high

Question 13: Which of the following is an exogenous change?

Introduction of a new technology
Innovation in products or services
Changes in competitive products and services
Changing goals and objectives of new managers

Question 14: According to the administrative rules issued by the Department of Labor in 2004:

all employees, regardless of wage scales, were to receive overtime.
all supervisors were reclassified as nonexempt.
any job that was paid on an hourly basis was classified as non-exempt.
jobs requiring primary manual work changed classifications.

Question 15: Which of the following is an endogenous change?

State of the economy
Changing goals and objectives of new managers
Changes in competitive products and services
Changes in laws and regulations

Question 16: Ford established and operated a(n) __________ to monitor employee effort and to quickly identify pockets of malcontents in the workforce.

internal security force
five needs theory
human relations approach
management by objectives approach.

Reference no: EM13738217

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