Chapter 22: Business & Labor



Unit 3: Business & Labor

Goals – 7.01, 8.07, 8.08

Unit Essential Questions

1) How do business organizations help to grow the economy?

2) What role does profit play in business activity?

3) How have the rights of workers transformed in the United States?

BLOCK CLASS

Day 1: (7.01,8.07,8.08)

• Business Organizations - Sole Proprietorship, Partnership, Corporation, Non-Profit Organization

• Review Business Organizations

• Is Wal-Mart Good for America?

Day 2: (7.01,8.07,8.08)

• Quiz: Types of Business Organizations

• Types of Workers – Labor Unions

• Video: The Rise of Labor

Day 3:

• Notes – Types of Workers

• Review: Business & Labor

Day 4

• Test: Business & Labor

Unit III – Business and Labor

NCSCOS – 8.07

PART 1 – TYPES OF BUSINESS

Chapter 22, Section 1 (pgs. 601-606)

1. What are the advantages and disadvantages of different types of business organizations?

| |Sole Proprietorship | | |

| | |Partnership |Corporations |

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|Disadvantages | | | |

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1. How are corporations established?

a. Charter - ___________________________________________________ ____________________________________________________________

b. Stock - _____________________________________________________ ____________________________________________________________

2. Who owns a corporation? ____________________________________________

3. How is a corporation looked upon by the government? _____________________

4. How are corporations run?

5. What other types of business organizations are there?

a. Non-Profit Organization ____________________________________________________________

i. Examples = ___________________________________________ ______________________________________________________

ii. Cooperatives - _________________________________________ ______________________________________________________

b. Franchise ____________________________________________________________

i. Examples = ___________________________________________ ______________________________________________________

PART 2 – THE AMERICAN LABOR FORCE

Chapter 22, Section 2 (pgs. 609-613)

6. What is the civilian labor force? ______________________________________ __________________________________________________________________

7. What is a labor union? ______________________________________________ __________________________________________________________________

8. What are the different types of unions?

a. Craft/Trade Unions ___________________________________________ ____________________________________________________________

b. Industrial Unions ____________________________________________ ____________________________________________________________

9. How are unions organized?

a. Local Unions ________________________________________________

b. National Unions _____________________________________________ ____________________________________________________________

i. AFL-CIO _____________________________________________

10. How do labor unions and management work to negotiate working conditions and benefits?

a. Collective Bargaining _________________________________________ ____________________________________________________________

b. Mediation ___________________________________________________ ____________________________________________________________

c. Arbitration __________________________________________________ ____________________________________________________________

11. What tools do both management and labor unions have to try and force the other to accept their conditions when an agreement cannot be reached?

a. Labor Union Tools:

i. Strike ________________________________________________

ii. Boycott _______________________________________________

iii. Picketing _____________________________________________

b. Management Tools:

i. Injunction ____________________________________________ ______________________________________________________

ii. Lockout ______________________________________________ ______________________________________________________

p. 610

12. Identify the types of arrangements unions and management made in the past:

|Type of Arrangement |Description |

| | |

|Closed Shops | |

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|Union Shops | |

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|Modified Union Shops | |

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|Agency Shops | |

13. How have laws passed by the federal and state governments affected union activity?

a. Clayton Act (1914) ___________________________________________

b. Taft-Hartley Act (1947) _______________________________________ ____________________________________________________________

c. Right-to-work Laws __________________________________________ ____________________________________________________________

d. National Labor Relations Board (NLRB) ________________________ ____________________________________________________________

The Rise of Labor (Video)

1) Describe the working conditions and hours people worked prior to the establishment of labor unions.

2) In the railroad strike, which side did the government take?

3) What does AFL mean?

• Who started the AFL?

• What types of workers did the AFL represent?

4) What does CIO mean?

• Who started the CIO?

• What type of workers did the CIO represent?

5) Which President changed the view of government towards unions?

• What decision did he make during the coal strike?

Types of Business Organizations Quiz

1) What is the least common form of business organization?

2) What is the most difficult form of business organization to establish?

3) This type of business organization involves the least amount of risk to the owner.

4) The easiest type of business to organize.

5) When courts can seize property to satisfy claims against a firm or business.

6) The term that describes the need to reorganize a business when an owner dies.

7) The advantage of this type of business is that it has limited liability and unlimited life.

9) Corporations can be formed by the sale of these (2) items.

10) What is a non-profit organization?

Types of Workers – Labor Unions

1) This type of worker is involved in manufacturing or non-farm labor.

2) Person who has learned a trade or craft either through a vocational school or as an apprentice.

3) When a third party is brought in to help in a contract dispute. The decision is not final.

4) When a third party is brought in to help in a contract dispute. The decision is final.

5) When workers decide to stop working until their demands are met in a contract dispute.

6) An organization of workers that try to improve wages and working conditions for their members.

7) When workers encourage the public to not buy products or services of a particular party. (Think colonies 1700’s)

8) Laws passed by state governments to prevent certain types of labor union organizations (closed shops, union shops).

9) When a business closes the doors to the business until workers agree to a contract.

Unit 3 – Business & Labor Test Review

Format

10 Matching

• 30 Multiple Choice

• 20 Matching (Economics Review Terms)

Terms to Know

Types of Business Organizations – Know Characteristics of Each

• Sole Proprietorship (+,-), unlimited liability, limited life

• Partnership (+,-), Articles of Partnership

• Corporation (+,-), limited liability, unlimited life, stock, stockholders, board of directors, charter

• Cooperative (+,-)

2) Labor Unions

• Mediation

• Arbitration

• Collective Bargaining

• Lockout

• Strike

• Picketing

• Boycott

• Closed shops, union shops, modified union shops, right to work laws

• National Labor Relations Board

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Owners = ____________________________ who elect the

_____________________________ who select the

VP of __________________ VP of ______________________ VP of __________________

___________________________________ who hires

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