In a Union Shop

question 130

Multiple Choice

In a union shop:

• A)workers must join the union within a stipulated time period (usually a month)in order to keep their jobs.
• B)workers are required to sign yellow-dog contracts.
• C)workers must belong to the union before the company can hire them.
• D)workers who do not join the union must pay a union fee.

---

Definitions:

Rate of Return

Rate of return is a measure of the profitability of an investment over a certain period, expressed as a percentage of the original investment.

Term of Loan

The duration of time over which the borrower is obligated to repay the loan, typically expressed in months or years.

Term of Loan

The duration over which a loan agreement is in effect, encompassing the time by which the loan must be repaid.

Rate of Return

The gain or loss on an investment over a specific period, expressed as a percentage of the investment's cost.