EC-907
nonpressure strategy that unions and management can use to reach an agreement
What is arbatration
A guitar is an example of
What is private property
monetary reward
What is profit
the general classifications of business risks
what are hazard, operational, strategic, and financial.
The type of market, or environment, in which businesses operate
what is market structure
A union worker who is just beginning in the occupation
What is an apprentice
benefit of the freedom to own private property is that it encourages people to do this financial habit.
What is saving
income is greater than expenses
what is reward
chances of loss that may result in loss, no change, or gain
A market structure in which there are relatively few sellers
What is an Oligarchy
Actors and athletes belong to this type of union
What is the professional union
basic role of the United States government
what is protect us citizens
The money spent to run a business
What are operating expenses
hances of loss that carry with them the possibility of loss or no loss
what is pure risk
a monopoly that the government allows to exist legally under controlled conditions
what is a regulated monopoly
Unions that do not belong to a federation are known as
What is an independent union
One of the factors that directly limits the economic freedom of individuals in a private enterprise system is government
what is taxation
The amount of money paid for raw materials and products sold
What is the cost of goods
potential events or situations that can cause injury or harm to people, property, or the environment
what is a hazard risk
a federal regulation intended to prevent monopolies from forming and prices from being fixed
what is the sherman anti trust act
labor issues is most affected by the use of technology
What is job security
Consumers can choose from a variety of products
what is competition
employees are working faster or better
What is efficiency
a frequent way to transfer risk
what is insurence
Rivalry between or among businesses that offer similar types of goods or services
what is direct compition