Which of the Following Is a Union-Employer Relationship in Which

question 65

Multiple Choice

Which of the following is a union-employer relationship in which the employer may hire union or non-union workers?

• A)Union shop
• B)Open shop
• C)Closed shop
• D)Agency shop
• E)Free shop

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Definitions:

Fixed Cost

Costs that remain constant regardless of the amount of goods produced or sold, including rent, wages, and insurance premiums.

Sunk Cost

Costs that have already been incurred and cannot be recovered or refunded, and should not influence future business decisions.

Average Fixed Cost

The cost incurred for fixed inputs (rent, salaries) divided by the quantity of output produced, which decreases as production increases.

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor, in contrast to fixed costs.