________ Is the Process by Which a Union Becomes Recognized

question 88

Multiple Choice

________ is the process by which a union becomes recognized by the National Labor Relations Board as the bargaining agent for a group of employees.

• A) Accreditation
• B) Certification
• C) Arbitration
• D) Affiliation

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Definitions:

Payback Period

The time required for the return on an investment to repay the sum of the original investment.

Cash Inflows

The total amount of money being transferred into a business, usually from its operations, investments, or financing.

Capital Outlay

Expenditures for acquiring or upgrading physical assets such as equipment or property.

Average Rate of Return

A measure of the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.