_____ Rules Do Not Require Union Membership but Do Require

question 90

Multiple Choice

_____ rules do not require union membership but do require that employees who choose to join must remain members for a certain period of time.

• A)Agency shop
• B)Maintenance of membership
• C)Closed shop
• D)Union shop
• E)Checkoff provision

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Definitions:

Capital Assets

Long-term assets acquired or invested in for the purpose of generating revenue over an extended period.

Fair Value

A measure of the value of an asset or liability based on current market prices.

Replacement Cost

The expense of replacing an asset at its current market price.

Net Realizable Value

The estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.