When a Union Bargains Successfully with Employers,in That Industry

question 15

Multiple Choice

When a union bargains successfully with employers,in that industry,

• A)both the quantity of labor supplied and the quantity of labor demanded increase.
• B)both the quantity of labor supplied and the quantity of labor demanded decrease.
• C)the quantity of labor supplied increases and the quantity of labor demanded decreases.
• D)the quantity of labor demanded increases and the quantity of labor supplied decreases.

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Definitions:

Joint And Several

A legal term referring to the liability shared by two or more parties, where each party is individually responsible for the entire obligation, as well as collectively with the others.

Corporate Veil

A legal concept that separates the personal liability of shareholders and officers from that of the corporation itself.

Artificial Legal Person

A non-human entity that is given legal rights and responsibilities, such as a corporation or a government body.

Bylaws

The internal rules of management adopted by a corporation at its first organizational meeting.