2. Business Organizations Labor & Wages Organized Labor True or FalseVocabulary $100 $1$100$1$100$1$100$1$100 $2$200 $2$200$2$200 $2$200 $2$200 $3$300 $3$300$3$300$3$300$3$300 $4$400 $4$400$4$400$4$400$4$400 $5$500 $5$500$5$500 $ 5$ 500$5$500

3. Answer The percentage of U.S. business that are sole proprietorships. A 1 For $100

4. Question What is 75%? Back to Game

5. Answer The joining of two or more firms involved in different stages of producing the same good or service. A 2 For $200

6. Question: What is a vertical merger? Back to Game

7. Answer A semi-independent business that pays fees to a parent company, in return for the right to sell a certain product. A 3 For $300

8. Question: What is a franchise. Back to Game

9. Answer An organization that sells merchandise to their members at reduced prices. A4 For $400

10. Question: What is a consumer cooperative? Back to Game

11. Answer All are advantages of a partnership. A5 For $500

12. Question: What are: Easy to start. Shared decision-making. Larger pool of capital. Taxation? Back to Game

13. Answer All nonmilitary people who are employed or unemployed in the U.S. B1 For $100

14. Question: What is the U.S. labor force? Back to Game

15. Answer John D. Rockefeller B 2 For $200

16. Question: What was the founder of Standard Oil? Back to Game

17. Answer The theory that education increases productivity and results in higher wages. B3 For $300

18. Question: What is the learning effect? Back to Game

20. Answer B4 For $400 They are the three reasons why companies today are relying more on temporary workers.

21. Question: What are: Firms can adjust their work force to changing demands for their output. Temporary workers are paid less and given fewer benefits. Some workers prefer a more flexible arrangement? Back to Game

22. Answer The two factors that determine the size of our paychecks. B5 For $500

23. Question: What are supply & demand? Back to Game

24. Answer It was this organization that proposed making the first Monday in September a Labor Day holiday. C 1 For $100

25. Question: Who are the Knights of Labor? Back to Game

26. Answer The man that truly started the U.S. labor movement. C 2 For $200

27. Question: Who was Samuel Gompers? Back to Game

28. Answer This federal law passed in 1947 allowed states to pass right-to-work laws, which prohibited mandatory union membership. C 3 For $300

29. Question: What is the Taft- Hartley Act? Back to Game

30. Answer Unionism is lowest in the American region. C 4 For $400

31. Question: What is the South? Back to Game

32. Answer It is the process in which unions and company representatives meet periodically to negotiate a new labor contract. C 5 For $500

33. Question: What is collective bargaining? Back to Game

34. Answer Shares of earnings given as payment. D1 For $100

35. Question: What are royalties? Back to Game

36. Answer A certificate of ownership in a corporation. D2 For $200

37. Question: What is stock? Back to Game

38. Answer A partnership agreement. D3 For $300

39. Question: What are articles of partnership? Back to Game

40. Answer The legally bound obligation to pay debts. D 4 For $400

41. Question: What is liability? Back to Game

42. Answer Value of output. D5 For $500

43. Question: What is productivity? Back to Game

44. Answer The percentage of the U.S. population in the labor force has decreased steadily from 67.1% in 1950 to 59.2% in 1999. E1 For $100

45. Question: What is false? Back to Game

46. Answer The increase in information management jobs is part of an overall shift in the U.S. from a manufacturing economy to a service economy. E2 For $200

47. Question: What is true? Back to Game

48. Answer Today someone entering the work force can look forward to having a single secure job where he/she will stay until they retire at age 65. E3 For $300

49. Question: What is false? Back to Game

50. Answer In a competitive market, workers are usually paid according to the value of what they produce. E4 For $400

51. Question: What is true? Back to Game

52. Answer Minimum wage laws force employers to pay more than the equilibrium wage fro unskilled labor. E 5 For $500

53. Question: What is true ? Back to Game