What common goals, if any, do labor and management share?
Both should be vitally interested in the overall health of the company. Maintaining a strong demand for the firm's products benefits both labor and management. If the firm cannot sell an adequate amount of its output, workers will face reduced wages or job loss. Regardless of any internal conflict, both labor and management have a strong incentive to generate products that consumers will purchase.
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The relationship between prices and the corresponding quantities supplied is shown in a:
a. supply schedule. b. demand schedule. c. price-earnings ratio. d. production possibilities curve. e. total output schedule.
In the last few decades, tariffs in developing countries have:
A. fallen by more than 20 percent. B. risen by more than 20 percent. C. fallen to 20 percent of their GDP. D. risen to 20 percent of their GDP.
If something is a store of value, then a necessary condition is that it must
a. serve as a yardstick for measuring the value of other goods b. have a means of holding its value for future use c. be convertible into gold d. be a precious metal, such as gold or paper money e. be accepted as payment for any purchase
Assume that the expectation of declining housing prices cause households to reduce their demand for new houses and the financing that accompanies it. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the real GDP and reserve-related (central bank) transactions in the context of the Three-Sector-Model?
a. There is not enough information to determine what happens to these two macroeconomic variables. b. Real GDP rises, and reserve-related (central bank) transactions become more positive (or less negative). c. Real GDP and reserve-related (central bank) transactions remain the same. d. Real GDP rises, and reserve-related (central bank) transactions remain the same. e. Real GDP falls, and reserve-related (central bank) transactions become more negative (or less positive).