Chapter 9 Lesson 2 Quiz

Which noncompeting category of workers stands to gain the most from unionization? a) unskilled labor b) semiskilled labor c) professional labor d) skilled labor

a) unskilled labor

In collective bargaining negotiations, who represents the interests of the workers? a) a fact-finder b) elected union officials c) elected company officials d) a third party

b) elected union officials

Which of these would most likely produce an exception to the market theory of wage determination? a) signaling theory b) the equilibrium wage rate c) the theory of negotiated wages d) seizure

c) the theory of negotiated wages

Which of the following is a term for a labor-dispute settlement tactic used by neither unions nor management? a) stoppage b) mediation c) arbitration d) seizure

d) seizure

Which of these offers an explanation for why a less productive worker might make more than his or her peers? a) fact-finding b) the equilibrium wage rate c) the market theory of wage determination d) seniority

d) seniority

True or False: A grievance procedure is an informal method of settling workplace disputes

false

True or False: The market theory of wage determination states that salaries are best set by management

false

True or False: Arbitration places a dispute before a third party for a binding settlement

true

True or False: Signaling theory assumes that people with college degrees are worth more in the marketplace than those with only high school diplomas

true

True or False: The theory of negotiated wages states that organized labor helps to determine pay rates

true