Unions May

question 71

Multiple Choice

Unions may:

• A) refuse to bargain in good faith.
• B) force management to discriminate against employees.
• C) engage in a strike when collective bargaining fails.
• D) stage a lockout to prevent employees from resuming work.

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Definitions:

Specified Threshold

A predetermined level, limit, or point at which an action, process, or change occurs or is invoked.

Continuous Review

A system of inventory management where the stock levels are continuously monitored, and orders are placed as soon as the inventory drops below a predetermined level.

Reorder Point (ROP)

The inventory level at which an order should be placed to replenish stock before it runs out, ensuring a balance between stock availability and minimal holding costs.

Lot Size

The quantity of items processed or procured in a single order or batch, affecting inventory levels and production efficiency.