After a Union Has Been Certified by the Labour Relations

question 61

Multiple Choice

After a union has been certified by the Labour Relations Board:

• A) a collective agreement must be negotiated within 12 months
• B) a collective agreement must be negotiated within six months
• C) an application for decertification cannot be made until after a collective agreement has been negotiated
• D) a vote is held for the employees to ratify the certification
• E) an application for decertification cannot be filed for a time specified in the relevant labour relations legislation

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Definitions:

Quorum

A quorum is the minimum number of members required to be present at a meeting to legally conduct business and make binding decisions.

Par-Value

The face value of a bond or stock as stated by the issuing company, which might differ from its market value.

Stock Certificate

A document that serves as a stockholder’s proof of ownership in a corporation.

Fixed Face Value

The predetermined and constant value at which a financial instrument, like a bond, is redeemed by the issuer at maturity.