Business
Type of merger between companies in the supply chain of producing a product.
What is a vertical merger?
Negotiations between labor and management.
What is collective bargaining?
Lowest wage you can pay a worker.
What is minimum wage?
Type of investors: individuals who invest their personal money into early-stage businesses. Offering funding and potential mentorship.
What are angel investors?
Work stoppage called by a labor union.
What is a strike?
Type of labor that requires no special training/education.
Type of business with shared ownership among customers that the establishment.
What is a consumer cooperative?
Laws that ban mandatory union membership.
What are right to work laws?
Type of labor that requires an advanced degree from a university.
What is professional labor?
Share of the profits that can be distributed to shareholders of a corporation.
What are dividends?
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?
the compensation paid to a worker per unit of time
What is a wage rate?
The sum of net income and noncash charges such as depreciation.
What is cash flow?
Order from a court to do or not do something.
What is an injunction?
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?