Which of the Following Is an Employment Arrangement in Which

question 30

Multiple Choice

Which of the following is an employment arrangement in which a company may hire nonunion workers,but all workers represented by the union must become union members within a specified time period to keep their jobs?

• A)closed union
• B)industrial shop
• C)union shop
• D)open shop

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Definitions:

Operating Cycle

The duration between a company's purchase of inventory and the receipt of cash from accounts receivable.

Accounts Receivable Period

The average number of days it takes for a business to receive payments owed by its customers for goods or services provided.

Inventory Period

The average time that inventory is held before it is sold or used in production.

Operating Cycle

Refers to the duration it takes for a company to buy goods or services, convert them into products, sell those products, and collect cash from the sales.