Why is democracy important to union administration and can unions justifiably be called "democratic" institutions? Why or why not?
What will be an ideal response?
Democratic processes are a crucial feature to union success because the role of a union is to provide a mechanism through which employees can express their voice. Looking at three components of democracy, unions would appear to be democratic organizations. First, democratic procedures for election union officials and conducting union business are mandated by the Landrum-Griffin Act. Second, while participation of the workers in daily union administration is fairly low, union members do turn out in large numbers to vote on important decisions such as whether to ratify a contract and/or go out on strike. Finally, in looking at the substantive value of a union, research shows that between 70 and 80 percent of union members are at least "somewhat satisfied" with the degree to which their union leaders are responsive to their needs.
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Which of the following are manufacturer-owned facilities that do NOT carry inventory but provide selling functions for the manufacturer in a specific geographic area?
A) commission merchandise marts B) merchandise brokerages C) sales offices D) sales branches E) manufacturers' showrooms
Outline the changes in the business environment (that is, the context in which the business worked) that contributed to its decline.
The preceding bullet-points identify many key issues for this company. Changes can be presented systematically within a number of time periods as per the chart below, in which the more significant themes are highlighted in red type.
A customer went into a store and saw a beautiful leather jacket bearing a price tag of $29. The customer handed the cashier a $50 bill and said, "I accept. We have a deal." The cashier then noticed the price tag and told the customer an error had been made and that the price was $229. In this case: A) the customer validly accepted the store's offer
B) the price tag was a firm offer. C) no contract was formed because the customer's offer was refused. D) the customer is the offeree.
Which of the following is not true regarding certificates of deposit (CDs)?
A) The longer the term, the higher the interest rate paid. B) All banks offer the same rates on CDs. C) Early withdrawals of money are subject to a penalty. D) The investment of large amounts will pay higher interest than lower amounts.