Explain the Primary Difference Between a Captive and a Voluntary

question 34

Essay

Explain the primary difference between a captive and a voluntary audience.

Grasp the concept of union security provisions and how they affect both union members and nonmembers.

Recognize the role of the National Labor Relations Board and the regulations impacting union activities.

Examine the rights of employees under various federal laws relating to labor unions.

Understand the different union security arrangements and their legal implications.

---

Definitions:

Conversion Ratio

The number of shares an investor receives upon converting a convertible security, like convertible bonds or preferred stock, into common stock.

Conversion Value

The worth of a convertible security if it were converted into the underlying stock at the current market price.

Convertible Bond

A type of bond that the holder can convert into a specified number of shares of common stock in the issuing company or cash of equal value.

In The Money

A term referring to an option contract that has intrinsic value. For call options, this means the underlying asset price is above the strike price, and for put options, it means the underlying asset price is below the strike price.