If a Union Obtains Signed Authorization Cards from More Than

question 29

True/False

If a union obtains signed authorization cards from more than 50 percent of an appropriate employee unit, it may ask the employer to recognize the union on the basis of this showing of majority support alone.

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Definitions:

Unrealized Gain

The potential profit that exists on paper resulting from an investment that has not yet been sold for cash.

Fair Value Adjustment

A process of adjusting the book value of an asset or liability to reflect its current market value.

Available-for-Sale

A category of securities that are not classified as held-to-maturity or trading securities, and are recorded at fair value.

Unrealized Loss

A loss that occurs on paper due to a decrease in the value of an investment, but has not been realized through a transaction.