When Is a Firm Most Likely to Vote for a Lockout

question 22

Multiple Choice

When is a firm most likely to vote for a lockout?

• A)When a neutral third party is brought in to keep labor and management talking
• B)When a union strike has partially shut down a plant and it seems less expensive for the plant to close completely
• C)When mediation involves bringing in a neutral third party,but the mediator's role is to suggest or propose a solution to the problem and not to forge a binding contract
• D)When the cost of hiring new employees to replace striking employees is minimal
• E)When it wants to keep people from purchasing the products of a company

---

Definitions:

Raw Material

Basic materials extracted from the environment or produced through agriculture that are used in the manufacture of goods.

Character

A qualitative assessment of a borrower's moral and ethical qualities and the likelihood that they will repay a loan.

Creditworthiness

The assessment of a borrower's ability to repay debt as agreed, often evaluated through credit scores and financial history.

Credit Policy

A set of guidelines a company uses to determine credit terms for its customers, including payment terms and limits.