Question 1

List at least five aspects of the new employment relationship between employers and employees.

Accepted Answer

1. Flexibility: The new employment relationship often involves more flexible work arrangements, such as remote work options, flexible hours, and project-based contracts.

2. Work-life balance: Employers are increasingly recognizing the importance of work-life balance for their employees and are offering benefits and policies to support this, such as paid time off, parental leave, and wellness programs.

3. Emphasis on skills and performance: Employers are placing more emphasis on the skills and performance of their employees rather than traditional measures like tenure or seniority. This can lead to more opportunities for skill development and career advancement based on merit.

4. Technology integration: The use of technology in the workplace is changing the way employers and employees interact. This includes communication tools, performance tracking software, and digital training platforms.

5. Employee well-being: Employers are taking a more holistic approach to employee well-being, offering mental health support, financial wellness programs, and other resources to help employees thrive both inside and outside of the workplace.

Question 2

An understanding of labor relations is not necessary for those working in nonunion firms because it cannot aid in keeping the firm from becoming unionized.

Accepted Answer

A) True 
 B)False  False

Question 3

The _______ Act gave employees the right to unionize without fear of prosecution, and it listed unfair practices of employers

Accepted Answer

A)  Wagner 
B)  Norris-LaGuardia 
C)  Fair Standards 
D)  Civil Rights 
E)  Employee Protection 
A)  Wagner 
B)  Norris-LaGuardia 
C)  Fair Standards 
D)  Civil Rights 
E)  Employee Protection A

Question 4

Which of the following is true about executive compensation?

Accepted Answer

A)  U.S. executives are the highest paid in the world. 
B)  Compensation only comes in the form of salaries. 
C)  Executives are prohibited by federal law to earn more than $1 million a year. 
D)  A golden parachute refers to executives bailing out of a company before it goes bankrupt. 
E)  An executive's skill and performance has little do to with his or her compensation. 
A)  U.S. executives are the highest paid in the world. 
B)  Compensation only comes in the form of salaries. 
C)  Executives are prohibited by federal law to earn more than $1 million a year. 
D)  A golden parachute refers to executives bailing out of a company before it goes bankrupt. 
E)  An executive's skill and performance has little do to with his or her compensation.

Question 5

Describe due process.

Accepted Answer

Due process refers to the legal requirem

Question 6

What was the Norris-LaGuardia Act?

Accepted Answer

The Norris-LaGuardia Act, officially kno

Question 7

Which of the following statements is true about the employer-employee relationship?

Accepted Answer

A)  It does not usually affect business performance. 
B)  It affects society and government operations. 
C)  If transit workers in New York go on strike, it does not affect the general public. 
D)  The National Football League lockout only affected owners and players. 
E)  Employer-employee relations affect only the market environment. 
A)  It does not usually affect business performance. 
B)  It affects society and government operations. 
C)  If transit workers in New York go on strike, it does not affect the general public. 
D)  The National Football League lockout only affected owners and players. 
E)  Employer-employee relations affect only the market environment.

Question 8

Governance refers to the total cost of the employee; executives commonly receive a salary, benefits, bonuses, stock options, and many perks.

Accepted Answer

A) True 
 B)False

Question 9

_________is the right to be treated fairly and to receive an impartial review of a complaint.

Accepted Answer

A)  Ombudsmanship 
B)  Mediation 
C)  Due process 
D)  Governance 
E)  Employment at will 
A)  Ombudsmanship 
B)  Mediation 
C)  Due process 
D)  Governance 
E)  Employment at will

Question 10

Which statements about boards of directors are correct?

Accepted Answer

A)  Outside directors are employees or people who have other ties to the company. 
B)  Outside directors provide a method of balancing power and a system of checks and balances to help prevent corruption. 
C)  The potential problem of inside directors is that they are often beholden to the CEO and may agree with whatever the executive wants. 
D)  Board members are balanced in gender and ethnicity. 
E)  Outside directors are rarely friends of a company's CEO, and thus provide fair and impartial opinions about the business's operations. 
A)  Outside directors are employees or people who have other ties to the company. 
B)  Outside directors provide a method of balancing power and a system of checks and balances to help prevent corruption. 
C)  The potential problem of inside directors is that they are often beholden to the CEO and may agree with whatever the executive wants. 
D)  Board members are balanced in gender and ethnicity. 
E)  Outside directors are rarely friends of a company's CEO, and thus provide fair and impartial opinions about the business's operations.

Question 11

Which statement correctly describes ombuds?

Accepted Answer

A)  They are used primarily during employment negotiating to help settle disagreements and to make a binding decision for them. 
B)  They are primarily used to investigate and help settle employee complaints between employers and employees fairly. 
C)  They are primarily used to help employers get workers. 
D)  They are primarily used to help businesses meet employee rights. 
E)  None of these statements is correct. 
A)  They are used primarily during employment negotiating to help settle disagreements and to make a binding decision for them. 
B)  They are primarily used to investigate and help settle employee complaints between employers and employees fairly. 
C)  They are primarily used to help employers get workers. 
D)  They are primarily used to help businesses meet employee rights. 
E)  None of these statements is correct.

Question 12

What are labor unions? Why is it important to study them?

Accepted Answer

Labor unions are organizations formed by

Question 13

The stock market is a bit like legalized gambling-the house (financial institutions and brokers) always wins because it gets a commission regardless of profit or loss.

Accepted Answer

A) True 
 B)False

Question 14

What is the mission of the Security and Exchange Commission (SEC)?

Accepted Answer

A)  To help stockholders by trading the stocks for buyers and sellers. 
B)  To approve which stocks can be bought and sold in the stock market and to oversee the exchange of stocks. 
C)  To protect stockholders' rights by regulating the stock market to make sure it is run fairly and that investment information is fully disclosed. 
D)  To fine businesses that break the rules of the stock exchange including fraud. 
E)  To guarantee profits for all shareholders. 
A)  To help stockholders by trading the stocks for buyers and sellers. 
B)  To approve which stocks can be bought and sold in the stock market and to oversee the exchange of stocks. 
C)  To protect stockholders' rights by regulating the stock market to make sure it is run fairly and that investment information is fully disclosed. 
D)  To fine businesses that break the rules of the stock exchange including fraud. 
E)  To guarantee profits for all shareholders.

Question 15

The employer-employee relationship is critical because it affects the performance of the business.

Accepted Answer

A) True 
 B)False

Question 16

_________ occurs when a person uses confidential information before it becomes public knowledge to buy or sell the company stock.

Accepted Answer

A)  Outsider trading 
B)  Freewheeling 
C)  Whistleblowing 
D)  Insider trading 
E)  Hedging 
A)  Outsider trading 
B)  Freewheeling 
C)  Whistleblowing 
D)  Insider trading 
E)  Hedging

Question 17

OSHA stands for Ombudsman Safety and Hazard Authority

Accepted Answer

A) True 
 B)False

Question 18

Which of the following are concerned with safety and health in the work place?

Accepted Answer

A)  OSHA 
B)  Department of Labor 
C)  Patient Protection and Affordable Care Act 
D)  Workplace violence 
E)  Privacy 
A)  OSHA 
B)  Department of Labor 
C)  Patient Protection and Affordable Care Act 
D)  Workplace violence 
E)  Privacy

Question 19

Shareholder resolutions place a suggested action on the proxy statement to be voted on by all stockholders.

Accepted Answer

A) True 
 B)False

Question 20

The Electronic Communications Privacy Act of 1986 essentially protects individual rights to privacy, but it allows employers to monitor job-related communication.

Accepted Answer

A) True 
 B)False

List at least five aspects of the new employment relationship between employers and employees.

An understanding of labor relations is not necessary for those working in nonunion firms because it cannot aid in keeping the firm from becoming unionized.

The _______ Act gave employees the right to unionize without fear of prosecution, and it listed unfair practices of employers

Which of the following is true about executive compensation?

Describe due process.

What was the Norris-LaGuardia Act?

Which of the following statements is true about the employer-employee relationship?

Governance refers to the total cost of the employee; executives commonly receive a salary, benefits, bonuses, stock options, and many perks.

_________is the right to be treated fairly and to receive an impartial review of a complaint.

Which statements about boards of directors are correct?

Which statement correctly describes ombuds?

What are labor unions? Why is it important to study them?

The stock market is a bit like legalized gambling-the house (financial institutions and brokers) always wins because it gets a commission regardless of profit or loss.

What is the mission of the Security and Exchange Commission (SEC)?

The employer-employee relationship is critical because it affects the performance of the business.

_________ occurs when a person uses confidential information before it becomes public knowledge to buy or sell the company stock.

OSHA stands for Ombudsman Safety and Hazard Authority

Which of the following are concerned with safety and health in the work place?

Shareholder resolutions place a suggested action on the proxy statement to be voted on by all stockholders.

The Electronic Communications Privacy Act of 1986 essentially protects individual rights to privacy, but it allows employers to monitor job-related communication.

The Business, Society and Government Ethical Interrelationship Stakeholder Environment Business

Strategic Stakeholder and Ethical Public Affairs, Issues and Crisis Management

Corporate Social Responsibility, Citizenship and Diversity Society

Business Ethics

Community, Consumerism, and the Media

Strategies of Societal and Business Interest Groups Government

Law Making and Political Strategies

Law Enforcing and Regulatory Strategies

Law Interpreting, Antitrust, and Judiciary Strategies International Business, Society and Government

Competing in the Global Environment

Global Technology, the Natural Environment and Sustainability

Exploring the Benefits and Challenges of BPM Transformation Program

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Exam 3: Employees, Stockholders and Corporate Governance

List at least five aspects of the new employment relationship between employers and employees.

An understanding of labor relations is not necessary for those working in nonunion firms because it cannot aid in keeping the firm from becoming unionized.

The _______ Act gave employees the right to unionize without fear of prosecution, and it listed unfair practices of employers

Which of the following is true about executive compensation?

Describe due process.

What was the Norris-LaGuardia Act?

Which of the following statements is true about the employer-employee relationship?

Governance refers to the total cost of the employee; executives commonly receive a salary, benefits, bonuses, stock options, and many perks.

_________is the right to be treated fairly and to receive an impartial review of a complaint.

Which statements about boards of directors are correct?

Which statement correctly describes ombuds?

What are labor unions? Why is it important to study them?

The stock market is a bit like legalized gambling-the house (financial institutions and brokers) always wins because it gets a commission regardless of profit or loss.

What is the mission of the Security and Exchange Commission (SEC)?

The employer-employee relationship is critical because it affects the performance of the business.

_________ occurs when a person uses confidential information before it becomes public knowledge to buy or sell the company stock.

OSHA stands for Ombudsman Safety and Hazard Authority

Which of the following are concerned with safety and health in the work place?

Shareholder resolutions place a suggested action on the proxy statement to be voted on by all stockholders.

The Electronic Communications Privacy Act of 1986 essentially protects individual rights to privacy, but it allows employers to monitor job-related communication.

The Business, Society and Government Ethical Interrelationship Stakeholder Environment Business

Strategic Stakeholder and Ethical Public Affairs, Issues and Crisis Management

Corporate Social Responsibility, Citizenship and Diversity Society

Business Ethics

Community, Consumerism, and the Media

Strategies of Societal and Business Interest Groups Government

Law Making and Political Strategies

Law Enforcing and Regulatory Strategies

Law Interpreting, Antitrust, and Judiciary Strategies International Business, Society and Government

Competing in the Global Environment

Global Technology, the Natural Environment and Sustainability

Exploring the Benefits and Challenges of BPM Transformation Program

Filters