21. What has been the pattern of union membership in recent years?

a. growth of private sector unions only

b. growth of public sector unions only

c. growth of public and private sector unions

d. growth of neither public nor private sector unions

22. Which of the following would be considered no longer part of the work force?

a. anyone who worked only one hour for pay within the past week

b. anyone who worked fifteen hours in a family business for no pay

c. anyone who has a job but was out sick for more than a week

d. anyone who once sought work but has given up looking for a job

23. What is an employee benefit?

a. payment for overtime work

b. wages

c. salary

d. health insurance

24. Mark is switching from his job as a data entry clerk in an office to a job in a steel mill. One reason his wages will increase significantly in his new job is that

a. the demand for both jobs is about the same.

b. the supply of steel mill workers is about the same.

c. it is more dangerous to work in a steel mill than in an office.

d. the demand for steel workers is low.

25. You want to form a business that teaches people how to grow their own vegetables to eat. Your goal is to help people improve their situations. What type of business should you most likely form?

a. sole proprietorship

b. corporation

c. general partnership

d. nonprofit organization

26. A company could be accused of having a glass ceiling if

a. all employees are considered for promotions.

b. managers make decisions without gathering input from workers.

c. unqualified workers get promoted because of personal friendships.

d. certain groups are not able to get promoted to high-ranking positions.

27. Twins Jeff and Mike both work at the same restaurant for an hourly rate. Jeff earns minimum wage as a dishwasher, while Mike earns $2.00 more per hour as a cook. The difference in their wages is because

a. Jeff's job is unskilled, while Mike's is semi-skilled.

b. Jeff's job is blue-collar, while Mike's is professional.

c. Both jobs are unskilled, but Mike works harder.

d. Jeff's job is professional, while Mike's is skilled.

28. What advantage do workers bargaining as part of a labor union hold over workers bargaining as individuals?

a. Union workers get paid while they are on strike.

b. By banding together, workers have more power.

c. Union workers do not have to bargain collectively.

d. Right-to-work laws protect union workers.

29. Suppose you own a small flower stand. What is a reason you might decide to form a business franchise with a big company called Flowers Galore?

a. Franchisers pay royalties to their customers, which makes them loyal.

b. Franchisers can advertise all over the country, which makes their products well known.

c. Franchises do not cost much money to start.

d. Franchisers allow franchises to sell whatever they want.

30. How have right-to-work laws affected union membership?

a. They most likely increased union membership.

b. They most likely decreased union membership.

c. They have kept membership rates steady.

d. They have had no effect on union membership.

31. What does it mean that corporations are taxed twice?

a. Corporations have more legal rules, and they are harder to set up.

b. Corporations pay more taxes than a partnership and a sole proprietorship combined.

c. Corporations must apply for charters, which can be very expensive.

d. Corporations are taxed on their income, and stockholders are taxed on their dividends.

32. Nearly what percentage of net income earned in the United States is generated by corporations?

a. 20 percent

b. 40 percent

c. 60 percent

d. 80 percent

33. What does the Equal Employment Opportunity Commission (EEOC) enforce?

a. educational requirements for professional workers

b. opportunities for offshore employees of United States companies

c. binding agreements between unions and businesses

d. federal laws against workplace discrimination

34. Suppose that Cat's Eye Industries issues 10,000 shares of stock. You buy 215 shares. How much of Cat's Eye Industries do you own?

a. You are entitled to dividends but do not own part of the corporation.

b. You own the corporation jointly with all other shareholders.

c. You own less than one percent of the corporation.

d. You own 215 / 10,000 of the corporation.

35. Which of the following led to the development of unions in the late 1800s?

a. dangerous working conditions and long hours of factory jobs

b. featherbedding in the railroad industry

c. company efforts to hire and retain the most highly skilled workers

d. Fair Labor Standards Act