Which of the Following Statements Is NOT Correct

question 1

Multiple Choice

Which of the following statements is NOT correct?

• A)A mutual-to-stock conversion allows savings institutions (SIs)to obtain additional capital by issuing stock.
• B)Because of their ownership structure, mutual SIs are more susceptible to unfriendly takeovers.
• C)When a mutual SI is involved in an acquisition, it first converts to a stock-owned SI.
• D)Consolidation and acquisitions have caused the number of mutual and stock SIs to decline consistently over the years.

---

Definitions:

Open Shop Movement

An effort to ensure that employment and retention do not depend upon whether the worker is a member of a labor union or not.

Unionized

Referring to workers or workplaces that are organized into and represented by a labor union.

Open Shop Movement

The open shop movement advocates for workplaces where employees are not required to join or financially support a labor union as a condition of employment.

Employer Rights

Legal and ethical rights held by employers, including hiring, management, and termination of employees, consistent with applicable labor laws.