What is a European Works Council and what role does it serve?

What will be an ideal response?


A European Works Council is a transnational company-level committee of employees that has consultation and information rights. In other words, a EWC allows employees from each country to be informed about decisions that might affect them. EWC's must meet with management at least once per year to be informed and consulted regarding the progress of the business. It can also request a meeting with management when there are exceptional circumstances such as a plant closing. The requirement for what information must be provided and who represents the employees is decided by the national law of each country. The EWC is not empowered to conduct collective bargaining but rather to create an open and healthy dialog between management and labor.

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An index fund is

A. a mutual fund that mimics a stock index. B. an investment company that pools the funds of many investors and buys government bonds. C. a mutual fund that buys mortgage-backed securities (MBSs). D. a company that rates companies in terms of their financial strength.

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________ China was the first foreign marketing research firm in China

A) Gallup B) Nielsen C) Burke D) Harris

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Cost-volume-profit analysis assumes a constant sales mix

Indicate whether the statement is true or false

Business

In ______, groups impose their own rules that overly restrict their members.

Fill in the blank(s) with the appropriate word(s).

Business