The US Labor Relations Concepts of Exclusive Representation and Majority Support

question 194

True/False

The U.S. labor relations concepts of exclusive representation and majority support for union representation are concepts that have been adopted by many other countries outside the U.S.

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Definitions:

Liquidation Payment

The payout received by investors or creditors during the liquidation of a company, prioritizing payments according to seniority of claims.

Preferred Stock

represents ownership in a corporation with a claim on assets and earnings before common stockholders, often paying fixed dividends.

Par Value

The nominal value of a bond or stock as declared by the issuer, which might not match its value on the market.

Annual Dividend

The annual dividend is the total amount of dividend payments a company distributes to its shareholders over a year.