MGMT 4306 Question and answers
Why was the FMCS established? - ✅✅To define a set of union unfair labor practices to balance those
that employers were forbidden to use
Which bargaining issues do not require a response because they have no direct impact on management
or labor costs? - ✅✅Permissive
Which of the following are classified as mandatory bargaining issues? - ✅✅Issues that have a direct
effect on union members' jobs
Which of the following is a characteristic of competitive markets? - ✅✅Producers are compelled to
respond to price decreases
Which of the following takes place when an industry matures? - ✅✅It gets dominated by relatively
few firms and the less dominant either mimic the leader or occupy niches
Which of the following is true of unionization in a competitive industry? - ✅✅Unions don't focus on
competitive industry companies unless they are concentrated geographically
___ enabled new companies to enter the industry and created competition in wages between union and
nonunion sectors of the industries. - ✅✅Deregulation
How does global competition affect unions? - ✅✅It reduces union bargaining power for
representatives of employees.
What does management do to meet investor objectives? - ✅✅They try to maximize profits in their
present operations.
Employers are likely to be able to pass on the cost of a wage increase if they ___ - ✅✅are in a
noncompetitive product market
, Which of the following best describes marginal revenue product? - ✅✅It is the value of output
produced by hiring an additional worker
What are the two major goals of unions? - ✅✅Higher wages and more members
In which of the following scenarios will the employer be less able to take a strike? - ✅✅If employers
implement just-in-time inventory systems
Which of the following is true of a multi-employer bargaining unit? - ✅✅A single set of negotiators
and negotiated wages applies to all memebers
What is pattern bargaining? - ✅✅Union targets one dominant employer in a highly concentrated
industry
Which of the following best describes coordinated bargaining? - ✅✅Two or more national unions
represents employees of a single major employer
When do companies introduce cost-of-living adjustment? - ✅✅When purchasing power of
employee's pay has eroded
Which of the following refers to a method by which compensation is received? - ✅✅Pay form
When does external equity demand in wages arise? - ✅✅When the wages are lower than other
similar firms with similar jobs
Which component is associated with pay level? - ✅✅Standard of living
Which of the following helps determine pay structure? - ✅✅Job evaluation
Why was the FMCS established? - ✅✅To define a set of union unfair labor practices to balance those
that employers were forbidden to use
Which bargaining issues do not require a response because they have no direct impact on management
or labor costs? - ✅✅Permissive
Which of the following are classified as mandatory bargaining issues? - ✅✅Issues that have a direct
effect on union members' jobs
Which of the following is a characteristic of competitive markets? - ✅✅Producers are compelled to
respond to price decreases
Which of the following takes place when an industry matures? - ✅✅It gets dominated by relatively
few firms and the less dominant either mimic the leader or occupy niches
Which of the following is true of unionization in a competitive industry? - ✅✅Unions don't focus on
competitive industry companies unless they are concentrated geographically
___ enabled new companies to enter the industry and created competition in wages between union and
nonunion sectors of the industries. - ✅✅Deregulation
How does global competition affect unions? - ✅✅It reduces union bargaining power for
representatives of employees.
What does management do to meet investor objectives? - ✅✅They try to maximize profits in their
present operations.
Employers are likely to be able to pass on the cost of a wage increase if they ___ - ✅✅are in a
noncompetitive product market
, Which of the following best describes marginal revenue product? - ✅✅It is the value of output
produced by hiring an additional worker
What are the two major goals of unions? - ✅✅Higher wages and more members
In which of the following scenarios will the employer be less able to take a strike? - ✅✅If employers
implement just-in-time inventory systems
Which of the following is true of a multi-employer bargaining unit? - ✅✅A single set of negotiators
and negotiated wages applies to all memebers
What is pattern bargaining? - ✅✅Union targets one dominant employer in a highly concentrated
industry
Which of the following best describes coordinated bargaining? - ✅✅Two or more national unions
represents employees of a single major employer
When do companies introduce cost-of-living adjustment? - ✅✅When purchasing power of
employee's pay has eroded
Which of the following refers to a method by which compensation is received? - ✅✅Pay form
When does external equity demand in wages arise? - ✅✅When the wages are lower than other
similar firms with similar jobs
Which component is associated with pay level? - ✅✅Standard of living
Which of the following helps determine pay structure? - ✅✅Job evaluation
