11 Questions
How did Henry Ford reduce the price of the basic automobile?
By reducing the production cost of the car
What did Henry Ford do wrong according to the text?
He excluded his workers from direct ownership and profit sharing opportunities
What was the consequence of Ford's decision to exclude his workers from ownership and profit sharing?
Japanese auto workers out-competed American workers
Average manufacturing compensation in Mexico is what percentage of manufacturing compensation in the U.S.?
15%
In employee ownership companies, workers have received more from profits than from wages in some years. True or False?
True
Under Justice-Based Management, what is the role of the labor union?
To provide an institutional counterbalance to management
What should be management's focus in a participatory ownership company?
Satisfying customer demand
Under Justice-Based Management, what should be the role of the union?
To advocate for economic justice for nonmanagement employees
What can unions do under Justice-Based Management?
Collaborate with management to increase productiveness and profitability
What is the basis for long-term thinking in a justice-based management company?
Equity
What does Justice-Based Management recognize about each person's identity and development?
It flows from their work, both economic and noneconomic
Test your knowledge on the influence of Henry Ford in shaping the modern wage system. Explore the key factors that led to the development of wage feudalism and discover the successes and pitfalls of Ford's approach. This quiz provides insights from a Justice-Based Management perspective on the impact of Ford's contributions to the industrial era in America.
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