In a Union Shop,workers

question 11

Multiple Choice

In a union shop,workers

• A) must be union members before they can be hired.
• B) need not be union members to work.
• C) must become union members within a certain period of time once they have been hired.
• D) are not able to strike under any circumstances.
• E) sign yellow dog contracts before they begin work.

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Definitions:

Efficient Market

A type of market where all relevant information is rapidly and correctly reflected in securities prices, allowing them to be bought and sold at their fair value.

Systematic Risk

Market or sector-wide risk, commonly called market risk, that remains despite attempts at diversification.

Unsystematic Risk

The risk associated with a specific company or industry, which can be reduced through diversification, unlike systematic risk which affects the entire market.

Portfolio Diversification

A strategy for managing risk that involves diversifying a portfolio with a broad range of investments to reduce the effect of the performance of any individual asset.