After a Union Has Been Certified by the Labour Relations

question 61

Multiple Choice

After a union has been certified by the Labour Relations Board:

• A) a collective agreement must be negotiated within 12 months
• B) a collective agreement must be negotiated within six months
• C) an application for decertification cannot be made until after a collective agreement has been negotiated
• D) a vote is held for the employees to ratify the certification
• E) an application for decertification cannot be filed for a time specified in the relevant labour relations legislation

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Definitions:

Divisor

A numeric factor used in calculations to adjust stock indexes, reflecting changes in the composition of the index without affecting its overall value.

Money Market Instrument

Financial securities that provide liquidity and are considered low risk, such as treasury bills, certificates of deposit, and commercial paper, with maturities typically less than one year.

Treasury Bond

Long-term, low-risk government debt securities issued by the U.S. Department of the Treasury, with maturities extending beyond ten years.

Negotiable Certificate

A financial document indicating the holder's right to a specific amount of money that can be bought, sold, or traded.