In Unionized Firms,internal Recruitment Methods Are

question 170

Multiple Choice

In unionized firms,internal recruitment methods are

• A) required by the National Labor Relations Act (Wagner Act).
• B) usually required in the labor agreement.
• C) strictly a management prerogative.
• D) part of the labor contract only when seniority is not the basis for promotion.
• E) rarely,if ever,used.

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Definitions:

Cash Assets

Liquid funds or assets readily convertible into cash without significant loss in value.

Preferred Shares

Type of stock that grants holders priority for dividends over common stockholders and rights to assets in the event of liquidation.

Winding Up

The process of dissolving a business by disposing of its assets, paying off creditors, and distributing any remaining assets to shareholders or owners.

Chartered Bank

A financial institution that has been established and operates under a charter granted by the government, offering a range of banking services.