If Workers Vote to Join a Union, Management Has No

question 233

True/False

If workers vote to join a union, management has no choice legally but to determine wages, working hours and the other conditions of employment with union bargainers.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, frequently appearing as a line item on the income statement.

Market Rate

The prevailing interest rate available in the marketplace for securities or loans, varying with the demand, supply, and risk.

Semiannual Interest Payment

Interest payments made twice a year on a loan or bond.

Market Rate

The current price or interest rate at which an asset, or service can be bought or sold in a given market.