Unions and Their Impact - Finance

What is the primary purpose of a union?

• To increase company profits

• To reduce the number of employees

• To unite workers for better working conditions

• To support management decisions

Why is it difficult for one person alone to make changes in the workplace?

• They are not interested in changes

• They do not have enough time

• They lack the necessary skills

• Management can easily ignore them

What is one of the main benefits of joining a union?

• Less work responsibility

• Better pay and benefits

• Higher individual profits

• More vacation time

What percentage of union workers have employer-provided health insurance?

• 17%

• 69%

• 79%

• 96%

What is the average wage difference between union and non-union workers?

• 15%

• 11.2%

• 5.5%

• 20%

What percentage of non-union workers have retirement benefits?

• 17%

• 69%

• 79%

• 96%

How do workers demonstrate their strength during negotiations?

• By working overtime

• By quitting their jobs

• By striking or taking public action

• By reducing productivity

What is a union contract?

• A verbal agreement

• A legally binding document

• A company policy

• A temporary arrangement

What is one of the key roles of a union committee during negotiations?

• To support management decisions

• To increase company profits

• To negotiate over pay, benefits, and working conditions

• To reduce the number of employees

What do union members do to enforce a union contract?

• Reduce their work hours

• Use their collective power

• Work individually

• Ignore the contract