The Process by Which a Particular Union Achieves the Status

question 145

Multiple Choice

The process by which a particular union achieves the status of bargaining agent for a group of employees is called:

• A)Certification
• B)Binding arbitration
• C)Arbitration
• D)Conciliation
• E)Job action

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Definitions:

Net Cash

The total amount of cash and cash equivalents a company possesses after subtracting all its cash outflows from its cash inflows.

Operating Activities

Activities that relate to the primary operations of a company, such as selling, general, and administrative activities, as well as the production of goods and services.

Free Cash Flow

The amount of cash a company generates after accounting for capital expenditures needed to maintain or expand the asset base.

Net Income

The total profit or loss of a company after all expenses, including taxes and interest, have been subtracted from revenue.