What common goals, if any, do labor and management share?
Both should be vitally interested in the overall health of the company. Maintaining a strong demand for the firm's products benefits both labor and management. If the firm cannot sell an adequate amount of its output, workers will face reduced wages or job loss. Regardless of any internal conflict, both labor and management have a strong incentive to generate products that consumers will purchase.
You might also like to view...
Which set of changes is definitely predicted to raise Real GDP in the short run?
A) Wealth increases and there is an adverse supply shock. B) Individuals expect higher (future) incomes and wage rates fall. C) Business taxes rise and wage rates fall. D) The U.S. dollar appreciates and there is a beneficial supply shock. E) none of the above
If one person's enjoyment of the benefits of a good ________ with another's consumption of it, the good is nonrival in consumption. This is a characteristic of a ________ good.
A. interferes; private B. interferes; public C. does not interfere; private D. does not interfere; public