Question

1. what type of merger does the illustration show? a. horizontal merger b. vertical merger c. diagonal merger d. conglomerate 34. most producer cooperatives in the united states are made up of? a. labor unions. b. lawyers. c. steel workers. d. farmers. 35. roughly what percentage of workers belong to labor unions today in the united states? a. 5 - 6% b. 10 - 12% c. 16 - 18% d. 23 - 25% 36. according to the textbook, what percentage of workers belonged to labor unions in the united states when the textbook was written? a. 10% b. 12% c. 18% d. 25% 37. the merger between sprint and t - mobile would be considered an example of a a. conglomerate. b. horizontal merger. c. diagonal merger. d. vertical merger. 38. which of the following would not be considered a fringe benefit of a job? a. salary and wages b. paid vacations c. health care insurance d. a company car 39. which is not one of the economic advantages of a sole proprietorship? a. they are easy to establish and manage. b. they allow the owner to enjoy the profits of good management without having to share them. c. they have the ability to attract the most qualified workers. d. psychological advantages, such as freedom of being your own boss.

Explanation:

1. Horizontal mergers are between firms in the same industry at the same stage of production. Here, multiple toy - related businesses merge, which is a horizontal merger.
2. Most producer cooperatives in the US are made up of farmers who pool resources for production, marketing, etc.
3. Roughly 10 - 12% of workers belong to labor unions in the US today.
4. Without knowing the specific textbook, it's hard to say, but a common historical figure for union membership in the US is around 12%.
5. Sprint and T - Mobile are competitors in the same wireless communication industry, so their merger is a horizontal merger.
6. Fringe benefits are non - wage compensations. Salary and wages are the main form of compensation and not a fringe benefit.
7. Sole proprietorships generally have difficulty attracting the most qualified workers compared to larger corporations.

Answer:

1. a. horizontal merger
2. d. farmers
3. b. 10 - 12%
4. b. 12%
5. b. horizontal merger
6. a. salary and wages
7. c. They have the ability to attract the most qualified workers