An Option Contract Is a Binding Promise to Keep an Offer

question 16

True/False

An option contract is a binding promise to keep an offer open for a stated period of time or until a specified date.

Understand the impact of unionization on employment conditions and employer decisions.

Understand the composition and organization of bargaining units within a private high school context.

Grasp the concept of union instrumentality and the factors influencing employee support for unions.

Identify the key responsibilities of unions and their officers under the Landrum-Griffin Act.

---

Definitions:

The I

In sociology, refers to the subjective and spontaneous part of the self that represents personal responses and actions in social interaction.

The Me

A concept in sociology introduced by George Herbert Mead, referring to the social self or how individuals perceive themselves based on societal expectations.

Relations of Production

The relationships that exist in economic systems between those who own the means of production and those who sell their labor.

Capitalist System

An economic system where trade, industries, and the means of production are largely or entirely privately owned and operated for profit.