Workplace governance under the mainstream economics model should include: Select
ID: 433892 • Letter: W
Question
Workplace governance under the mainstream economics model should include:
Select one:
a. Government intervention in the form of laws and rules that protect worker rights to bargain collectively and establish labor standards
b. No government involvement.
c. Government intervention that establishes laws regarding good workplace practices.
d. Government intervention that establishes the right of workers to own the companies that they work for.
e. Government intervention in the form of laws and rules that guarantee high wages.
One reason that may explain the change in private sector union dates rates over the last 50 years is
Select one:
a. the fact that our economy is less influenced by global factors than it was in the 1960s.
b. the decline in traditionally unionized industries such as manufacturing.
c. the decline in service and knowledge industries.
d. the fact that employment is growing faster in northern US states, than in southern states.
e. the fact that workers with more education are more likely to unionize than uneducated workers.
According to your textbook's author, unions are important to the effective functioning of a democratic society because they:
Select one:
a. Create additional employment for people who do not want to work for corporations.
b. keep wages low.
c. Increase the competitiveness of labor markets.
d. Provide a counter to excessive political power of employers and employer associations.
e. Provide a counter to excessive political power of employers and employer associations.
The shock effect refers to the tendency for
Select one:
a. firms taking steps to avoid unionization
b. firms to become more efficient in response to unionization
c. nonunion members to join unions because of the extreme wage
d. share prices to fall after a firm becomes unionized
e. nonunion firms to become unionized
Explanation / Answer
1. The answer is given below:
b. No government involvement
Workplace governance is the one in which the management would involve on strategic decision making towards improvising the workplace and no government is involved.
2. The answer is given below:
b. the decline in traditionally unionized industries such as manufacturing.
The change in the private sector is the decline in the traditional unionized industries such as maufacturing as where it focused on company growth rather than the union forming as there always been a good work environment.
3. The answer is given below:
c. Increase the competitiveness of labor markets.
Unions are important to increase the competitiveness of labor markets as where the employees will always have their rights in the work place and all their needs get satisfied.
4. The answer is given below:
b. firms to become more efficient in response to unionization
Shock effect refers to the sudden change, as where the change refers on firms adapting to become more efficient in response towards unionization.
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