A Craft Union

question 21

Multiple Choice

A craft union

• A)Represents one occupational group in one company.
• B)Represents all people in one organization regardless of occupation or location.
• C)Represents all workers based on some particular ideology.
• D)Represents one occupational group such as plumbers.

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Definitions:

Bill of Exchange

A written, unconditional order by one party directing another party to pay a specified sum of money to a third party on demand or at a set date.

Call for Tenders

A formal invitation to suppliers to bid on supplying goods or services under specified conditions.

Prospective Bidders

Prospective bidders are individuals or entities that may be interested in submitting a bid or offer to acquire goods, services, or assets that are being offered.

Guarantor

A person or entity that agrees to be responsible for another's debt or obligations if the latter fails to fulfill them.