The Justification for Dues or Fees Paid by Nonunion Members

question 246

Multiple Choice

The justification for dues or fees paid by nonunion members to the union in a(n) ________ shop is that the union represents all workers in collective bargaining, not just those who belong to the union.

• A) closed
• B) agency
• C) fee simple
• D) union

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Definitions:

Shareholder Theory

A theory in business ethics suggesting that the primary responsibility of a company is to maximize the wealth of its shareholders.

Triple Bottom Line Theory

A sustainability framework that examines a company's social, environmental, and financial performance, aiming to measure the broader impact of the company's activities.

Dividend Payments

Distributions of earnings made to shareholders by corporations, usually in the form of cash or additional shares.