HRIR 3450 TEST 1 QUESTIONS
WITH 100% CORRECT ANSWERS
What happens to job security when the inflation is high and government wants to control
inflation? - Answer-In order to control inflation, government will increase the interest
rate, which will lead more people to save and buy less, this could lead to organizations
laying off workers and thus lowering job security
T or F? Society will support a strike in economic downturn. - Answer-False: society will
think that you should be happy, you have a job, and thus not create problems by striking
T or F? Society in general may support a strike during an economic boom? - Answer-
True: economic boom means companies are making huge profits and society will think it
is only fair that the company should share some profits with workers, if not, workers will
strike
T or F? In a situation when business is booming and demand is growing, the bargaining
power of the union will increase in general. - Answer-True: companies are making huge
profits, they do not want to stop, they will give huge incentives so as not to have any
strikes, thus increasing the bargaining power of unions
What are the implications of NAFTA for unions and employers? - Answer-NAFTA has
been renamed, yet remains mostly the same. This can lead to weakening of union
movement in Canada as the employers may be forced to take their operations to
Mexico to reduce costs, thus reducing union power.
T or F? Monetary policy aimed at lowering unemployment by stimulating demand
through interest rate changes will require interest rates to go up? - Answer-False:
interest rates should go down so that people will buy more, companies will hire more,
thus unemployment will decrease
T or F? High level of government spending will reduce unemployment. - Answer-True,
at least one research stated that each dollar spent by govt on infrastructure circulates
about 4.2 times or generates business worth 4.2 dollars, that would mean a lot of
products and services will be sold, which means a lot of people need to be employed to
make and sell those products or services.
In times of increased demand, do you think unions gain more power? - Answer-Yes,
more demand, more sales, more profit, companies do not want to stop, thus more union
bargaining power
, If the price elasticity of demand is high, how does it effect union management relational
dynamics? - Answer-High elasticity means slightly higher prices will lead to demand
going down drastically. Meaning union bargaining power is low as in these types of
industries, union cannot demand higher wages because there is a possibility company
will go bankrupt, all jobs will be lost.
Aging workforce will force employers and unions to deal with what issues - Answer-
pension, health care, job security
Younger employees will force employers and unions to deal with what issues - Answer-
more cash rather than health care, more training, clear path to promotions, growth
Female participation will force employers and unions to deal with what issues - Answer-
equality, no sexual harassment, if child bearing flexi time and child care service,
healthcare
Diversity will force employers and unions to deal with what issues - Answer-hiring
practices, diversity training for all employees, respect, equality, no harassment,
inclusivity
Non standard work will force employers and unions to deal with what issues - Answer-
(part-time, tele-work, etc) they might feel disconnected and feel anxiety about not
knowing what is happening, feel scared when lose jobs, etc.
What is the most important concern the employees face during a merger? - Answer-Job
loss
Globalization will mean higher or lower bargaining power for unions? - Answer-lower,
increased competition
Effect on union management relation because of deregulation, deindustrialization,
downsizing, trade - Answer-liberalization will all lead to more contentious relationship
between unions and management, more fights, more us and them mentality
Effect on union management relation because of legacy cost - Answer-generally means
the pension that needs to be paid to older employees by very old and established
companies, could cause a huge financial burden on the company, may go bankrupt but
either way will have to tighten purse for the current and future employees and pay less,
not promise pensions, etc. thus poorer management relations
Technology might be able to - Answer-Increase productivity, increase skill requirements,
decrease skill requirements, increase telework, better communication capabilities of
employer, decrease bargaining power of unions
management objectives and processes (private sector) - Answer-maximization of profit,
maintaining control over the business
WITH 100% CORRECT ANSWERS
What happens to job security when the inflation is high and government wants to control
inflation? - Answer-In order to control inflation, government will increase the interest
rate, which will lead more people to save and buy less, this could lead to organizations
laying off workers and thus lowering job security
T or F? Society will support a strike in economic downturn. - Answer-False: society will
think that you should be happy, you have a job, and thus not create problems by striking
T or F? Society in general may support a strike during an economic boom? - Answer-
True: economic boom means companies are making huge profits and society will think it
is only fair that the company should share some profits with workers, if not, workers will
strike
T or F? In a situation when business is booming and demand is growing, the bargaining
power of the union will increase in general. - Answer-True: companies are making huge
profits, they do not want to stop, they will give huge incentives so as not to have any
strikes, thus increasing the bargaining power of unions
What are the implications of NAFTA for unions and employers? - Answer-NAFTA has
been renamed, yet remains mostly the same. This can lead to weakening of union
movement in Canada as the employers may be forced to take their operations to
Mexico to reduce costs, thus reducing union power.
T or F? Monetary policy aimed at lowering unemployment by stimulating demand
through interest rate changes will require interest rates to go up? - Answer-False:
interest rates should go down so that people will buy more, companies will hire more,
thus unemployment will decrease
T or F? High level of government spending will reduce unemployment. - Answer-True,
at least one research stated that each dollar spent by govt on infrastructure circulates
about 4.2 times or generates business worth 4.2 dollars, that would mean a lot of
products and services will be sold, which means a lot of people need to be employed to
make and sell those products or services.
In times of increased demand, do you think unions gain more power? - Answer-Yes,
more demand, more sales, more profit, companies do not want to stop, thus more union
bargaining power
, If the price elasticity of demand is high, how does it effect union management relational
dynamics? - Answer-High elasticity means slightly higher prices will lead to demand
going down drastically. Meaning union bargaining power is low as in these types of
industries, union cannot demand higher wages because there is a possibility company
will go bankrupt, all jobs will be lost.
Aging workforce will force employers and unions to deal with what issues - Answer-
pension, health care, job security
Younger employees will force employers and unions to deal with what issues - Answer-
more cash rather than health care, more training, clear path to promotions, growth
Female participation will force employers and unions to deal with what issues - Answer-
equality, no sexual harassment, if child bearing flexi time and child care service,
healthcare
Diversity will force employers and unions to deal with what issues - Answer-hiring
practices, diversity training for all employees, respect, equality, no harassment,
inclusivity
Non standard work will force employers and unions to deal with what issues - Answer-
(part-time, tele-work, etc) they might feel disconnected and feel anxiety about not
knowing what is happening, feel scared when lose jobs, etc.
What is the most important concern the employees face during a merger? - Answer-Job
loss
Globalization will mean higher or lower bargaining power for unions? - Answer-lower,
increased competition
Effect on union management relation because of deregulation, deindustrialization,
downsizing, trade - Answer-liberalization will all lead to more contentious relationship
between unions and management, more fights, more us and them mentality
Effect on union management relation because of legacy cost - Answer-generally means
the pension that needs to be paid to older employees by very old and established
companies, could cause a huge financial burden on the company, may go bankrupt but
either way will have to tighten purse for the current and future employees and pay less,
not promise pensions, etc. thus poorer management relations
Technology might be able to - Answer-Increase productivity, increase skill requirements,
decrease skill requirements, increase telework, better communication capabilities of
employer, decrease bargaining power of unions
management objectives and processes (private sector) - Answer-maximization of profit,
maintaining control over the business
