business management MIDTERM 2.03 quiz

injunction

an equitable remedy in the form of a court order that requires a party to do, or refrain from doing, certain acts

professional union

representing employees with advanced and highly specialized skills, often requiring some credentials, such as college degree and/or liscense

picket

style of protest in which striking workers assemble outside a place of employment to make the public aware of thier cause

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the focus of tertiary production is on

lockout

work stoppage in which an employer prevents employees from working

production function

representation of the relation between the production of a good and the inputs used

decrease

according to the law of diminishing returns, continuing to hire additional employees will eventually cause the workers' individual production level to

job simplification

Melanies's supervisor made changes in some of Melanie's task so that she could finish them more easily. The technique the supervisor used is

task

a business employee is assigned to handle all incoming phone orders. This specific assignment is considered to be specialization by

maximize profits

businesses follow the law of diminishing returns in order to combine the right amount of variable resources to achieve production levels that

grievance

formal statement with the employer, most contracts set forth a grievance prodecure

boycott

is an act of voluntarily abstaining from using, buying, or dealing with a person, organization, or country as an expression of protest, usually for political reasons

boycotting

members of Local Union 999 refuse to buy products that are made by their company, Chip Rite. This is an example of

strike

occurs when all workers in the union stop coming to work

featherbedding

practice of labor union requiring an employer to hire more workers than necessary

craft union

represent employees in a single occupation or group closely related occupations