A Common Provision in Union Security Arrangements Is a Process

question 31

Multiple Choice

A common provision in union security arrangements is a process called the ________ when an employer withholds union dues from members' paychecks.

• A)payroll deduction
• B)union dues
• C)dues checkoff
• D)dues remittance
• E)employee remittance

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Definitions:

Marginal Utility

The further gratification or value experienced by an individual upon consuming an extra unit of a particular good or service.

Supply-Side Market Failures

Situations where the supply side of a market does not allocate resources efficiently, often due to externalities or public goods problems.

Sellers

Individuals or entities that offer goods or services for sale in the market.

Cost-Benefit Analysis

A systematic approach to estimating the strengths and weaknesses of alternatives used to determine the best option through weighing the cost against the benefits.