The Guarantee by the Employer to Pay Specified Compensation and Benefits

question 42

Multiple Choice

The guarantee by the employer to pay specified compensation and benefits in the case of termination due to downsizing or restructuring is known as

• A) a severance package.
• B) supplemental unemployment benefits.
• C) a guaranteed annual wage.
• D) a golden parachute clause.
• E) wage protection insurance.

---

Definitions:

Injunctions

Court orders that either restrain a party from undertaking certain actions or require them to perform specific acts, often used in labor disputes to limit the actions of labor organizations or employers.

Picketing

Demonstrating or marching before a place of employment or work site by workers to protest labor conditions or policies.

Unionization

The process by which workers come together to form a union in order to negotiate collectively with their employer regarding wages, benefits, and working conditions.

Sherman Antitrust Act

A federal statute passed in 1890 that aims to promote competition by prohibiting monopolies, cartels, and trusts that restrict trade.