Author Question: If economic profits are negative A) accounting profits can be positive. B) accounting profits can ... (Read 216 times)

@Brianna17 · **on:** Jun 30, 2018

If economic profits are negative
A) accounting profits can be positive.
B) accounting profits can be negative.
C) the cost of capital is not being covered.
D) all of these choices.

Question 2

Unions have found it particularly difficult to organize workers in service-based industries. Why?

sokh · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

D

Answer to Question 2

Unions have found that the service industry is largely composed of small firms. Since worker tasks are generally more varied in the service sector than in that of manufacturing, it makes it harder for workers to negotiate as a group. Also, many of these workers in small firms find unions less appealing because they are able to forge more personal relationships with management and owners.