A Labour Union Is an Organisation That Represents Workers and Seeks

question 87

True/False

A labour union is an organisation that represents workers and seeks to protect their interests through collective bargaining.

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Definitions:

Quality Costs

Expenses incurred to prevent, detect, and correct defects in products or services, including costs of warranty and rework.

Appraisal Cost

Expenses associated with the evaluation and inspection of products to ensure quality standards.

Value-added Activity

An operation or process that increases the worth of a product or service, directly contributing to meeting customer requirements.

Essential Value

The inherent or fundamental worth of an asset, product, or service, often considered irrespective of market value or price.