A) top executives are entitled to any level of pay they can negotiate with their board of directors.
B) the annual pay for top executives should include a small guaranteed salary and should include a very large bonus in years where the firm earns higher profits than competitors.
C) all bonuses paid to CEOs should be tied to long-run increases in market share.
D) CEOs should not earn much more than 20 times the earnings of the company's lowest-paid employee.
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Multiple Choice
A) established the first minimum wage.
B) allowed individual states to pass right-to-work laws prohibiting compulsory union membership.
C) required management to bargain in good faith with union representatives.
D) set up the process by which unions could be recognized as the exclusive bargaining agents for a group of workers.
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Multiple Choice
A) Federal Trade Commission
B) Commission on Labor Relations
C) National Labor Relations Board
D) Equal Employment Opportunity Commission
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True/False
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Multiple Choice
A) a five member panel appointed by the U.S.president.
B) an eight or ten member board consisting of an equal representation of union officials and management personnel.
C) two large unions: the AFL and the CIO.
D) a congressional committee.
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True/False
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True/False
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True/False
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True/False
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Multiple Choice
A) industrial union.
B) craft union.
C) assembly union.
D) traditional union.
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Multiple Choice
A) Quid pro quo
B) Post hoc
C) Ceteris paribus
D) Reflexive
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Multiple Choice
A) grow as rapidly as possible by allowing people from all professions and walks of life to join.
B) limit its membership to skilled craftspeople.
C) limit its membership to unskilled and semiskilled workers.
D) form one big craft union which everyone could join;but it later split into several smaller organizations.
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True/False
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True/False
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Multiple Choice
A) Collective bargaining is the best way for workers to attain a fairer share of the economic pie.
B) Collective bargaining is a nice idea in theory,but in the real world unions must rely on weapons such as strikes and boycotts to get what they want.
C) Unions should view collective bargaining as a useful,but limited,means for achieving some of their goals.In most cases the best way for unions to achieve their goals is to use their political clout to help pass favorable legislation.
D) Unions should not count on collective bargaining to achieve their goals,because management can't be trusted to bargain in good faith.
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True/False
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True/False
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Multiple Choice
A) Wagner
B) Taft-Hartley
C) Norris-LaGuardia
D) Fair Labor Standards
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Multiple Choice
A) a mediator is appointed by labor and management,while an arbitrator is appointed by the federal government under terms set forth in the Taft-Hartley Act.
B) a mediator is an unpaid volunteer,while an arbitrator is a paid professional.
C) an arbitrator can settle a labor-management dispute by rendering a binding decision,while a mediator can only make suggestions and encourage the two sides in a dispute to continue negotiating.
D) a mediator is a lawyer who represents either labor or management in a labor dispute,while an arbitrator is an impartial advisor who listens to both sides of the dispute and offers suggestions that help the two parties reach a mutually acceptable agreement.
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Multiple Choice
A) Knights of Labor
B) Committee of Industrial Organizations
C) League of Unions
D) American Federation of Labor (AFL)
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