Under A(n)_____, the Employer, on Behalf of the Union, Automatically

question 18

Multiple Choice

Under a(n) _____, the employer, on behalf of the union, automatically deducts union dues from employees' paychecks.

• A)union shop
• B)agency shop
• C)fair share provision
• D)checkoff provision
• E)closed shop

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Definitions:

Dividend Payout Ratio

The fraction of net income a firm pays to its shareholders in dividends, represented as a percentage of the company's total earnings.

Retained Earnings

Retained earnings are the portion of a company's net profits that are kept within the company instead of being paid out to the shareholders as dividends. This reinvestment is often used for business expansion or to pay off debt.

External Financing Need

The amount of funding required by a firm to cover investments and growth not financed by internal cash flows.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating short-term financial health and the ability to fund day-to-day operations.