New Union Evan Has Been Greatly Concerned About the Union He Belongs

question 65

Multiple Choice

New Union
Evan has been greatly concerned about the union he belongs to. He has been so fed up with the empty promises and the lack of accomplishments that he is seriously considering starting a new union. High on Evan's agenda is determining the reasons why anyone should join his union out of all the others. Another big issue is creating a list of worker needs that his union would fight for. Yet another is developing contracts for his members that cover as many aspects as possible so that the likelihood of future disputes is minimized.
Evan is debating whether he should set up an industry-based union or a company-specific shop, which all employees must join before working at that company. Evan also wants to fine-tune the grievance procedure because he knows, sooner or later, that he will need to go through it.
-Refer to New Union. In his research, Evan found that people join unions for various reasons. Which of the following is a primary reason for joining unions?

• A) Perception of increased job security
• B) Picketing
• C) Creating a strike fund
• D) Striking
• E) Mediation

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Definitions:

Reverse Stock Split

A corporate action that consolidates the number of existing shares of stock into fewer, proportionately more valuable, shares.

Total Equity

The sum of the ownership interest in a corporation, including common and preferred shares.

Stock Repurchase

The process by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares.

Cash Dividends

Payments made by a corporation to its shareholders out of its profits or reserves in the form of cash.