Deck 10: Issues in Employment

Question 1

The Pension Benefit Guaranty Corp is__________ .

A) a federal insurer
B) a private insurer
C) part of the Social Security Administration
D) always able to pay 100% of insured pensions

Answer 1

a federal insurer

Question 2

If Wal-Mart pays minimum wage, it is__________ .

A) deliberately hurtful to its employees
B) being overly generous
C) violating retirement laws
D) taking advantage of labor market conditions

Answer 2

taking advantage of labor market conditions

Question 3

The doctrine of Employment at Will means__________ .

A) only the employer can end the relationship
B) either employer or employee can end the relationship
C) only the employee can end the relationship at any time
D) neither employer or employee can end the relationship

Answer 3

either employer or employee can end the relationship

Question 4

Typically:

A) Employers and employees are equal to each other.
B) Employees wield power over large employers.
C) Employers are in a position of power relative to prospective employees.
D) Employers wish to fire their employees.

Question 5

Montana was the first state to__________ .

A) adopt employment at will
B) guarantee employees' pension benefits
C) prohibit employee drug testing
D) comprehensively reject employment at will

Question 6

Union membership today in the U.S. is approximately:

A) 25% of all workers
B) 20% of all workers
C) 10% of all workers
D) 5% of all workers

Question 7

"Wage labor" denotes__________ .

A) the self-employed
B) working for someone else in exchange for money
C) small farmers
D) sweatshop labor

Question 8

NLRB stands for:

A) National Labor Relations Board
B) National Labor Review Board
C) North American Law Review Board
D) National Law Review Board

Question 9

The U.S. small business sector__________ .

A) creates 95% of new jobs in the U.S.
B) creates a lower proportion of jobs than European small businesses
C) creates a higher proportion of jobs than European small businesses
D) creates the same proportion of jobs as European small businesses

Question 10

Richard Branson of the Virgin group of companies believes in putting .

A) shareholders first
B) executives first
C) customers first
D) people first

Question 11

There is a connection between how firms manage people and profits they achieve.

Question 12

High standards of service depend on having staff who are proud of the company.

Question 13

Productivity is a management practice.

Question 14

Lifetime job security is never guaranteed.

Question 15

Bankruptcy can lead to the voiding of union contacts.

Question 16

Federal rules allow for no gaps in funding defined-benefit pension plans.

Question 17

Fewer than 20% of private sector workers are covered by traditional pension plans.

Question 18

Wal-Mart workers usually live in cheap motels.

Question 19

Wal-Mart refers to its workers as Wal-Martians.

Question 20

More worker are unionized today than during the 1950s.