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How Are Financial Institutions Involved in the Collective Bargaining Process

Question 60

Multiple Choice

How are financial institutions involved in the collective bargaining process?


A) Most loan officers are unionized.
B) Most collective bargaining consultants are employed by financial institutions.
C) Banks effectively place ceilings on what management can spend on labor contracts due to their ability to call in loans to a company if the specified contract amount is exceeded.
D) If the quality of the manufacturing organization is eroded, the bank will call in the loans.
E) Corrupt unions can exert influence on financial institutions.

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