Exam 7: Economic Issues

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The average number of paid holidays provided under union contracts was ___,although 40 percent of bargaining unit members receive 11 or more.

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C

Which of the following preliminary conclusions can be reported based on a research on the effects of ESOPs?

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B

Supplemental unemployment benefits (SUB)are payments made by the federal government to unemployed workers during a layoff.

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False

Union leaders favor job evaluation more than managers for use in designing the wage structure.

(True/False)
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The Family and Medical Leave Act of 1993 provide eligible employees up to ____ weeks of unpaid leave for a serious illness,birth or adoption of a child,or care of a seriously ill child,spouse,or parent.

(Multiple Choice)
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The labor relations term for a one-time payment made to adjust wages which does not affect an employee's hourly base wage rate is:

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The majority of private sector union contracts contain a two-tier pay plan.

(True/False)
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Union leaders often view job evaluation with disfavor because it tends to limit bargaining opportunities and freeze wage structure.

(True/False)
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Labor market wage surveys are not used to ensure that a firm's wage structure is externally equitable.

(True/False)
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The labor relations term for a written clause in a labor agreement that adjusts wages periodically in accordance with some predetermined formula tied to the rise in consumer prices is:

(Multiple Choice)
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The labor relations term for a written clause in a labor agreement which permits the parties to negotiate wage rates at some predetermined date during the life of the agreement is:

(Multiple Choice)
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The monetary value of employee benefits provided by unionized employers exceeds the value of employee benefits provided by nonunion employers.

(True/False)
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The term "value added" refers to the contribution of factors of production to the value of a final product or service.

(True/False)
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In 2010,___ percent of private-sector union members participated in some type of employer- or union-sponsored pension plan compared to 57 percent of nonunion employees.

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Under a cliff vesting schedule,an employee is considered fully vested after completing ____ years of service.

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Most labor agreements specify daily or weekly work schedules and most provide premium pay for hours worked beyond the normal hours.

(True/False)
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The relative influence of job evaluation can be seen in the ___________,which represents the internal distribution of the proposed or negotiated wages.

(Multiple Choice)
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The majority of union contracts include a pension plan that can best be described as a defined contribution plan.

(True/False)
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Federal legislation has been enacted to protect workers against wage discrimination (e.g.,Equal Pay Act of 1963,Civil Rights Acts of 1964and 1991,and the Age Discrimination in Employment Act of 1967).These laws prohibit paying male employees more than female employees unless the wage difference is justified on the basis of:

(Multiple Choice)
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A higher degree of labor intensiveness increases management negotiators' resistance to bargaining proposals designed to increase wage rates.

(True/False)
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