A Valid,signed Agreement for a Period of Up to Three

question 42

Multiple Choice

A valid,signed agreement for a period of up to three years will bar any representation election for the life of the agreement is specified by the NLRB's:

• A) Three-year election rule.
• B) Contract bar doctrine.
• C) Life-of-the-contract doctrine.
• D) Election time-out rule.
• E) Exclusionary election rule.

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Definitions:

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders.

Market Value

The estimated amount for which an asset or liability should exchange on the valuation date between a willing buyer and a willing seller.

Par Value

The face value of a bond or stock as stated on the certificate or charter, often used for legal capital or accounting purposes.

Cash

A form of currency that includes coins and paper notes, which is used as a medium of exchange for goods and services.