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The Duty of Fair Representation Created by the NLRA and the LMRDA

question 14

Multiple Choice

The duty of fair representation created by the NLRA and the LMRDA requires that:

Define interest groups and differentiate them from other political organizations.
Explain the challenges of interest group membership, particularly the free-rider problem.
Discuss how interest groups are considered public, ideological, or economic based on their goals.
Identify the constitutional protections that facilitate the activities of interest groups.

Definitions:

After-Tax Discount Rate

The rate used to discount future cash flows to their present value after accounting for taxes.

Depreciation Tax Shield

A reduction in taxable income resulting from the allowance for depreciation expenses on assets.

Net Advantage

The benefit or advantage one entity has over competitive entities, often assessed in terms of efficiency, cost, or market position.

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