The key distinguishing feature between the mainstream economics school and the institutional labor economics (or industrial relations) school is that the industrial relations school believes that labor markets:
A. Are not perfectly efficient.
B. Operate similar to other types of markets.
C. Have too few suppliers of labor (workers) but many purchasers of labor (employers).
D. Work only when there is a "working class" that is excluded from the "ownership class."
A. Are not perfectly efficient.
You might also like to view...
One of the most effective ways organizations can encourage acceptance of differences and create a harmonious workforce is through the management of ______.
A. diversity B. self-awareness C. blooms taxonomy D. high involvement
The cost of raw materials used is usually a variable cost
Indicate whether the statement is true or false
Which of the following statements is correct?
A. If multiple triggers exist on a table, the order in which the triggers will be fired can be set. B. A BEFORE statement level trigger will fire before a BEFORE row level trigger. C. If you have two statement level triggers, the order in which they are fired is dependent on the order in which they were written. D. Only one trigger can be constructed per table.
A seldom used strategic approach to setting a company apart from rivals and achieving a sustainable competitive advantage is
A. outcompeting rivals on the basis of such differentiating features as higher quality, wider product selection, added performance, better service, more attractive styling, or technological superiority. B. focusing on a narrow market niche and winning a competitive edge by doing a better job than rivals of serving the special needs and tastes of buyers comprising the niche. C. striving to be the industry's low-cost provider, thereby aiming for a cost-based competitive advantage. D. developing competitively valuable resources and capabilities that rivals cannot easily match, copy, or trump with capabilities of their own. E. copying the attributes of a popular product or service.