Waylon Smithers, the New Production Employee at Springfield Plant of Immense

question 40

Multiple Choice

Waylon Smithers, the new production employee at Springfield plant of Immense Multinational Business, tells you, the human resource manager, that he is unwilling to join the union. You are not in a position to accept his demand as the collective agreement has a _____ requiring employees in the bargaining unit to join the union and to maintain their membership in good standing.

• A)management directive
• B)legal liability
• C)bylaw
• D)union shop clause

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Definitions:

Deli

A short form for delicatessen, which is a store or counter specializing in prepared foods, sandwiches, and specialty groceries.

Zero Economic Profits

A condition in perfect competition where firms earn just enough revenue to cover their total costs, leading to no supernormal profit in the long term.

Monopolistically Competitive

A market structure where many firms sell products that are similar but not identical, allowing for significant brand differentiation and some control over prices.

Long Run

A period in economics during which all factors of production and costs are variable, allowing for full adjustment to change.