Business
Labor Unions
Labor
100

Type of merger between companies in the supply chain of producing a product.

What is a vertical merger?

100

Negotiations between labor and management.

What is collective bargaining?

100

Lowest wage you can pay a worker.

What is minimum wage?

200

Type of investors: individuals who invest their personal money into early-stage businesses. Offering funding and potential mentorship. 

What are angel investors?

200

Work stoppage called by a labor union.

What is a strike?

200

Type of labor that requires no special training/education.

What is unskilled labor?
300

Type of business with shared ownership among customers that the establishment.

What is a consumer cooperative?

300

Laws that ban mandatory union membership.

What are right to work laws?

300

Type of labor that requires an advanced degree from a university. 

What is professional labor?

400

Share of the profits that can be distributed to shareholders of a corporation. 

What are dividends?

400

An agreement between union and management to have a neutral third party collect facts about a dispute and present nonbinding recommendations.

What is fact finding?

400

the compensation paid to a worker per unit of time

What is a wage rate?

500

The sum of net income and noncash charges such as depreciation.

What is cash flow?

500

Order from a court to do or not do something.

What is an injunction?

500

Theory of wages that states that pay is not only determined by supply/demand, but also by the power of unions/workers. 

What is the theory of negotiated wages?

M
e
n
u