Which of the Following Is Not True of the "Duty

question 51

Multiple Choice

Which of the following is not true of the "duty of fair representation" in a dispute?

• A)The duty of fair representation arose out of the union's exclusive bargaining agent status under the Railway Labor Act.
• B)The duty of fair representation is also extended to unions granted bargaining agent status under Section 9(a)of the NLRA.
• C)Unions, in representing employees, must make unilateral decisions that affect all employees in equally.
• D)The Supreme Court held that unions should be given broad discretion by the courts in negotiation practices.

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Definitions:

Coupon

The interest rate stated on a bond when issued, which is typically paid at regular intervals until maturity.

Dividend Payout

The portion of net income a firm pays out to its shareholders as dividends.

Leverage

The use of borrowed funds to increase one's investment capacity and potentially increase the rate of return on equity.

Interest Rate

The percentage charged on a loan or paid on deposits, representing the cost of borrowing or the income from lending.