In A(n)_______shop,workers Do Not Have to Belong to a Union

question 45

Multiple Choice

In a(n) _______shop,workers do not have to belong to a union before they are hired, but they must join a union within a specified period (usually a month) in order to keep their job.

• A)agency
• B)union
• C)open
• D)closed

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Definitions:

Pure Discount Securities

Financial instruments that are sold at a discount from their face value and pay no interest until maturity, such as zero-coupon bonds.

Clean Price

The price of a bond excluding any interest that has accrued since issue or during the last coupon payment.

Dirty Price

The price of a bond that includes accrued interest, in contrast to the clean price which excludes it.

Accrued Interest

Interest that has accumulated over a period but has not yet been paid or received.