The Process by Which a Particular Union Achieves the Status

question 33

Multiple Choice

The process by which a particular union achieves the status of bargaining agent for a group of employees is called

• A) binding arbitration.
• B) certification.
• C) conciliation.
• D) job action.
• E) arbitration.

---

Definitions:

Working Capital

The gap between a firm's present assets and liabilities, showing its operational efficiency and ability to cover short-term obligations.

Operating Cash Inflow

Cash generated from a company's normal business operations.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, making it the simplest depreciation method.

After-Tax Discount

The reduction in price or value of an item after taxes have been factored into its cost.