Chapter 13 And Chapter 20

Front 1

The members of most early unions were skilled workers.

Back 1

True

Front 2

The main reason for the decline of the Knights of Labor was loss of interest in unions among the workers.

Back 2

False

Front 3

Federal government employees generally do not have the right to strike.

Back 3

True

Front 4

The Congress of Industrial Organizations broke away from the American Federation of Labor (AFL) because the CIO favored industrial unions and the AFL did not.

Back 4

True

Front 5

One of the reasons that union membership in the United States has declined is the loss of jobs in manufacturing industries such as auto and steel.

Back 5

True

Front 6

Injuctions have been used by employees to prevent or discourage union activity.

Back 6

True

Front 7

Firefighters and police officers almost have the right to strike included in their contracts because it is the only way they can have any bargaining power with an employer the size of the governement.

Back 7

False

Front 8

A union of bricklayers is an example of a craft union.

Back 8

True

Front 9

While union membership has declined in the United States, it has increased in all other developed countries.

Back 9

False

Front 10

Today, closed shops are generally illegal.

Back 10

True

Front 11

The topics of collective bargaining negotiations are legally restricted to wages and hours of work.

Back 11

False

Front 12

In general, unions reduce a manager's freedom to act and make decisions.

Back 12

True

Front 13

Over the years, the number of strikes, the number of workers involved in strikes, and the number of days lost due to strikes in the United States has increased.

Back 13

False

Front 14

As the production process becomes more automated, the effectiveness of strikes declines.

Back 14

True

Front 15

Debt refers to capital invested by the owners business.

Back 15

False

Front 16

Debt capital has fewer advantages than equity capital.

Back 16

False

Front 17

Countries may borrow money to cover operating expenses just as companies do.

Back 17

True

Front 18

Global mutual funds allow investors to own the stock of companies in many countries.

Back 18

True

Front 19

Life insurance companies are a source of capital for businesses.

Back 19

True

Front 20

A full-service stockbroker usually charges a higher fee than a discount broker or online trading service, but offers more service in the form of investment advice.

Back 20

True

Front 21

Stock prices usually go up when investors believe a company will have good current and future profitability.

Back 21

True

Front 22

The purpose of the bond market is to help organizations raise debt capital.

Back 22

True

Front 23

Tax deferred income is income on which tax does not have to be paid.

Back 23

False

Front 24

Investing money usually has higher risks than saving money, but can result in greater returns.

Back 24

True

Front 25

Two common goals of invesotrs are current income and long-term growth.

Back 25

True

Front 26

Antiques and works of art are very liquid investments.

Back 26

False