Unit 4 Quiz
This quiz contains 8 short answer questions on topics from Chapters 7 and 8 of your text. Your answers should be 1- 3 paragraphs long and will be worth a total of 100 points. In order to avoid timing out when you take the quiz, prepare answers to the following essay questions in a document ahead of time.
1. Provide a brief write-up on what and how capitalists seek to achieve.
2. Explain how shareholder value decreases during and following unionization.
3. Explain how a doctrinaire organization functions.
4. Explain what a union decertification is, when it can occur, and why?
5. Describe the characteristics of a competitive industry.
6. List some of the steps that a firm can take to increase profitability.
7. How do unions demonstrate their effectiveness?
8. What is the reason for the decline in pattern bargaining?
