In the mainstream economics school of thought, labor unions are:

A. Necessary to facilitate movement of supply and demand to the optimal market wage.

B. Monopolies that try to restrict the supply of labor and benefit only a few at the expense of others.

C. Create unproductive conflict.

D. Important tools for eliminating capitalism.


B. Monopolies that try to restrict the supply of labor and benefit only a few at the expense of others.

Business

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Most major new innovations are unsought until consumers become aware of them through advertising

Indicate whether the statement is true or false

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Which of the following is an element needed to establish a violation of the general duty clause?

a. a potential hazard exists which was known in the industry b. the employer acted with intent in allowing the hazard to exist c. feasible means exist to abate the hazard d. all of the above e. none of the above

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The Foreign Corrupt Practices Act prohibits bribery abroad

Indicate whether the statement is true or false

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EDI is often used to replace paper documents with electronic documents containing the same information.

Answer the following statement true (T) or false (F)

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