The Success of a Strike Depends on the Union's Ability

question 126

Multiple Choice

The success of a strike depends on the union's ability to

• A)do all of the following
• B)reduce the supply of labor to the firm
• C)reduce the supply of scabs to the firm
• D)remain unified
• E)endure the strike

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Definitions:

Surety

Surety is a financial arrangement where a third party (the surety) guarantees the performance of a primary party's obligations or undertakes to fulfill the primary party's obligations if the primary party fails to do so.

Guarantor

An individual or party that guarantees to pay back a loan or fulfill another obligation if the primary party fails to do so.

Liability

The state of being legally obligated and responsible for something, typically involving restitution for harm or damages caused.

Principal Obligation

The main debt or duty that a debtor is bound to fulfill under the terms of a contract.