The Sherman Antitrust Act

question 51

Multiple Choice

The Sherman Antitrust Act

• A)enhanced the ability to enforce cartel agreements.
• B)does not allow executives of competing companies to break agreements they made with one another.
• C)was passed in 1946.
• D)prohibits price-fixing in the sense that competing executives cannot even talk about fixing prices.

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Definitions:

Labor Contract

An agreement between unions and employers regarding wages, working conditions, and other employment terms.

Unionization Process

The procedure through which employees in a workplace form or join a union in order to collectively negotiate with their employer regarding wages, work conditions, and other employment terms.

National Labor Relations Board

An independent US government agency charged with enforcing US labor law in relation to collective bargaining and unfair labor practices.

Certification Election

A process supervised by a regulatory body that allows employees to vote on whether or not they wish to be represented by a labor union.