27 terms

Money Management Ch 6

chapter 6 test obrien 2012
recruit new members, engage in collective bargaining, support political candidates who support members' interest, provide support services for members
main functions of a union leader
professional organizations
What is a nonunion group of people who have the same occupations, training, specialized skills, etc.?
teacher's union
largest union in US by membership
working from somewhere other than your office
no specialized workers; everyone does everything
job rotation
2 people share one full-time position
job sharing
determining your own schedule
compressed workweek
squishing workweek into 4 days instead of 5
401k/403b, pension, healthcare
trifecta of benefits
privately employed
401k is for employees who are ___
government employed
403b is for employees who are ___
getting stock in your own company
stock options
inventive-based pay based on quality of work done, years of services, and company sales/profits
some, all, or no
companies can offer _____ benefits
life insurance
money given to those dependent on you upon your death
deduction: no choice; effective right away; benefit other people
withholding: optional; take effect later; benefit you
deduction vs. withholding
profit sharing
allows you to make percentage of company's profit
check you get every month after you retire
insider trading
what is is called when you buy or sell stocks based on information that is not publicly known?
when you're paid based upon your sales
in order to ensure individuals from the company don't scam business trips, what do they ask for when you return?
members pay dues
how are labor unions funded?
no one
who does a strike benefit?
when you've been somewhere for a long time & are high-ranking
hours of a standard workweek
amount of people who are fired or quit
company with highest turnover rate