Which of the Following Is the Requirement of an Agency

question 78

Multiple Choice

Which of the following is the requirement of an agency shop?

• A) It requires that any bargaining-unit employee who becomes a union member must remain one as a condition of continued employment as long as the contract remains in effect.
• B) It requires that any bargaining-unit employee employed with the firm for a specific time must become a union member as a condition of continued employment.
• C) It requires that any bargaining-unit employee who was hired after a date specified in the agreement must become a union member within a specific time as a condition of continued employment.
• D) It requires that any bargaining-unit employee who is not a union member must pay a service fee to the union for its representation activities.

---

Definitions:

Option's Intrinsic Value

The difference between the current price of the underlying asset and the strike price of an option, assuming the option is in-the-money.

Strike Value

The predetermined price at which the holder of an option can buy (call option) or sell (put option) the underlying asset.

Market Value

The present cost at which a service or asset is available for purchase or sale in a free market.

Volatility Value

A statistical measure of the dispersion of returns for a given security or market index, often used to quantify risk.