To Determine Whether the Union Has the Majority Support for the First

question 46

Multiple Choice

To determine whether the union has the majority support for the first twelve months of the strike, the NLRB held that economic strikers must be considered as members of:

• A)the global union.
• B)a bargaining unit.
• C)a labor union.
• D)the Federal Mediation and Conciliation Service.

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Definitions:

Financial Break-even

The point at which total revenue equals total costs and expenses, leaving the company with no net profit or loss.

Variable Cost

Costs that move in correspondence with the quantity of products made or services sold.

Fixed Costs

Expenses that do not vary with production volume or business activity level, such as rent, salaries, and insurance premiums.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating the extent to which a firm uses fixed versus variable costs.