The ___________________ Is the Part of the Labor-Management Agreement That

question 45

Multiple Choice

The ___________________ is the part of the labor-management agreement that states that employees who receive union benefits must join the union,or at least pay dues to it.

• A)givebacks clause
• B)agency clause
• C)closed shop clause
• D)union security clause
• E)union shop clause

---

Definitions:

Accounts Receivable

Funds that customers owe to a company for products or services provided but not yet compensated for.

Accounts Payable

Money owed by a company to its creditors for goods or services that have been delivered or used, but not yet paid for.

Inventory

The total amount of goods and materials held by a company that are ready for sale or in the process of being produced.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share of the profits.