Chapter 11 Multiple choice questions

Chapter 11 Multiple choice questions

Quiz Content

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. Power is not exercised in a one-way direction, and the outcome depends on the resources and actions of the stakeholders involved. This is referred to as:

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. The 'German model' of industrial relations involving employees as 'social partners' within business is referred to as:

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. Any individual or group that is affected by the decisions of a business organization is known as a:

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. The acronym CSO stands for:

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. Noreena Hertz's idea of a 'power shift' refers to:

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. What is X in this statement: 'X refers to the ability of buyer or seller to alter the terms of exchange in their own favour-to bid the price up or down, or to get more or give less. X depends largely on the number of buyers and sellers (market structure)-your X is maximized if you are the only seller (monopolist) or buyer (monopsonist)'

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. In 2013 the UK Office of Fair Trading (OFT) imposed fines on the vehicle manufacturer Mercedes-Benz and three commercial vehicle dealers, for what reason?

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. The employer-employee relationship can be characterized in terms of how much pay employees receive in return for how much effort they have to put in. This can be referred to as:

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. An oligopolistic market is:

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. Which grass-roots movement or pressure group has campaigned against corporate tax avoidance, targeting multinational corporations including Starbucks and Vodafone?

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