Hector Is Philosophically Opposed to Unions

question 33

Multiple Choice

Hector is philosophically opposed to unions. "Why should I be required to join an organization I don't agree with, or pay a fee to support it financially?" he asked some of his buddies who belong to the union. "I thought this was a free country, but I don't feel very free when I'm told that I'll lose my job if I don't join the union. It just isn't fair." Hector's comments suggest he favors a(n) __________ shop arrangement.

• A) closed
• B) open
• C) regulated
• D) certified

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Definitions:

Deferral Method

An accounting practice where certain revenues or expenses are deferred to a future accounting period to better match revenues with expenses.

Deferred Contribution

Refers to contributions or payments that are postponed to a future date rather than being made immediately.

Net Assets

The total assets of a company or organization minus its total liabilities; an indicator of financial health.

Investment Income

Income generated from the allocation of funds into financial assets or properties expecting to gain profits.