Podcast
Questions and Answers
How did Henry Ford reduce the price of the basic automobile?
How did Henry Ford reduce the price of the basic automobile?
- By raising the labor costs
- By increasing the market wage rate
- By excluding his workers from direct ownership and profit sharing opportunities
- By reducing the production cost of the car (correct)
What did Henry Ford do wrong according to the text?
What did Henry Ford do wrong according to the text?
- He raised the labor costs
- He increased the market wage rate
- He excluded his workers from direct ownership and profit sharing opportunities (correct)
- He reduced the price of the basic automobile
What was the consequence of Ford's decision to exclude his workers from ownership and profit sharing?
What was the consequence of Ford's decision to exclude his workers from ownership and profit sharing?
- Manufacturing in Japan shifted to high-wage countries
- American labor costs increased
- The price and quality of Japanese cars decreased
- Japanese auto workers out-competed American workers (correct)
Average manufacturing compensation in Mexico is what percentage of manufacturing compensation in the U.S.?
Average manufacturing compensation in Mexico is what percentage of manufacturing compensation in the U.S.?
In employee ownership companies, workers have received more from profits than from wages in some years. True or False?
In employee ownership companies, workers have received more from profits than from wages in some years. True or False?
Under Justice-Based Management, what is the role of the labor union?
Under Justice-Based Management, what is the role of the labor union?
What should be management's focus in a participatory ownership company?
What should be management's focus in a participatory ownership company?
Under Justice-Based Management, what should be the role of the union?
Under Justice-Based Management, what should be the role of the union?
What can unions do under Justice-Based Management?
What can unions do under Justice-Based Management?
What is the basis for long-term thinking in a justice-based management company?
What is the basis for long-term thinking in a justice-based management company?
What does Justice-Based Management recognize about each person's identity and development?
What does Justice-Based Management recognize about each person's identity and development?
