Signature Cycles Creates Sleek and Modern Bicycles for Commuters and Cycling

question 141

Multiple Choice

Signature Cycles creates sleek and modern bicycles for commuters and cycling enthusiasts using the latest materials such as carbon fiber frames. Signature Cycles are relatively expensive, but its urban customers routinely pay $800 to $1,000 for the hand-crafted bicycles. The owners are considering expanding their company's footprint outside the United States and are considering opportunities to export its products to Canada and Mexico. They have learned that _______ eliminated virtually all tariffs on goods produced and traded among Canada, Mexico, and the United States.

• A) NAFTA
• B) EU
• C) APEC
• D) ASEAN

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Definitions:

Union Shop Agreement

A labor agreement requiring all employees of a business to become union members as a condition of employment.

Due Process Protections

Guarantees under the law that provide individuals the right to fair procedures and trials.

Superseniority

A policy within unions that grants certain union officials higher priority for job retention during layoffs, over and above that based on tenure or performance.

Interest Arbitrator

An impartial third party who resolves disputes between labor unions and employers by making binding decisions.