What Is the First Step in the Union Drive and Election

question 5

Multiple Choice

What is the first step in the union drive and election?

• A) initial contact
• B) signing authorization cards
• C) the hearing
• D) the campaign

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Definitions:

Capital Lease

A lease agreement that is classified as a purchase by the lessee for accounting purposes, effectively treating the leased asset as owned property.

Executory Costs

Costs related to the unperformed obligations under a lease, typically including insurance, maintenance, and taxes.

Minimum Lease Payments

The lowest amount that a lessee is obligated to pay over the lease term for the right to use an asset.

Rental Payments

Periodic payments made by a lessee to a lessor for the use of a property, vehicle, or equipment.