An Assignment

question 29

Multiple Choice

An assignment:

• A) is a contract.
• B) requires consideration.
• C) is a transfer of rights.
• D) is not enforceable.

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Definitions:

Strike

The withholding of labor services by an organized group of workers (a labor union).

Exclusive Union

A labor union that only represents workers from a particular company or industry, often having restrictive membership criteria.

Labor Supply

The total hours that workers are willing and able to work at a given wage rate in a specified time period.

Minimum Wage

The lowest legally permissible wage that employers can pay their employees.