Which of the following is not a reason why unionized firms can successfully compete with nonunionized firms?
A. Unionized firms are legally protected from price competition with nonunionized firms.
B. Employee morale may be higher at unionized firms, so workers are more productive.
C. Labor turnover is lower at unionized firms, so unionized firms have lower hiring costs.
D. Communication between management and workers is better at unionized firms.
Answer: A
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Suppose that Year 2 is the base year. What is the growth rate of GDP?
A) 44.4% B) 58% C) 67.5% D) 120%
Identify the correct statement about relationships depicted in an organization chart
a. A line that links an individual/division with the same at a lower level depicts informal authority of the former over the latter. b. Equality on the chart for individuals A and B must mean they both have the same authority in practice. c. It shows all relations between employees of an organization. d. A line that links an individual/division with the same at a lower level depicts formal authority of the former over the latter.