From a Union Perspective,what Is the Most Important Potential Benefit

question 39

Multiple Choice

From a union perspective,what is the most important potential benefit of first- contract arbitration provisions?

• A)They can help unions achieve certification.
• B)They allow ministerial discretion in their application.
• C)They offer unions permanent protection against unfair employer labour practice.
• D)They can prevent employers from refusing to bargain seriously in order to prevent the union from achieving a collective agreement.
• E)They allow unions to avoid the unpleasant task of bargaining with unwilling employers.

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Definitions:

Trade Credit

A type of commercial financing in which a customer is allowed to purchase goods or services and pay the supplier at a later scheduled date.

Commercial Paper

A short-term, unsecured debt security that corporations issue, primarily to fund payroll, accounts payable, and inventory needs.

Bank Loans

Debt provided by banking institutions that is repayable over a set period of time with interest.

Pledged

Assets that are promised or committed as security for the fulfillment of a debt or an obligation.