Which of the following regulates the fiduciary responsibilities of unions to its members?
A) Fair Labor Standards Act
B) Labor-Management Reporting and Disclosure Act
C) Workers Compensation
D) Employee Retirement Income Security Act
E) Occupational Safety and Health Act
B
Explanation: B) Employee laws ensure that all workers and employees are treated fairly with respect to wages, workplace conditions, medical care due to a workplace injury, and employee benefits, to name a few.
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Which of the following best describes a marketing department with a functional organization?
A) A company creates large teams, or even whole divisions, to serve domestic and international markets. B) Marketing managers are responsible for developing marketing strategies and plans for their specific markets or customers, and the company is organized around the needs of specific customer segments. C) A product manager develops and implements a complete strategy and marketing program for a specific product or brand. D) Sales and marketing people are assigned to specific countries, regions, and districts. E) Different marketing activities are headed by specialists such as sales managers, advertising managers, marketing research managers, and customer service managers.
Compensating differentials theory states that:
A. pay levels and pay mix are designed to signal desired employee behaviours B. high wages will increase efficiency and lower labour costs if they lower turnover C. higher wages must be offered to employees to compensate for any negative features of jobs D. higher wages must be offered to employees when chances of success are high E. job seekers have a reservation wage level below which they will not accept a job offer
CPI is the most important tracking metric in EVA
Indicate whether the statement is true or false
Which of the following statements about high deductible health insurance plans is (are) true?
I. Coverage under a high deductible health plan is necessary to establish a qualified health savings account (HSA). II. High deductible health plans provide a maximum limit on annual out-of-pocket expenses. A) I only B) II only C) both I and II D) neither I nor II