A Recognition Clause, a Successorship Clause, and a Communication Clause

question 159

True/False

A recognition clause, a successorship clause, and a communication clause are all considered to be clauses that protect union rights.

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Definitions:

Principal-Agent Problem

A dilemma arising from conflicts of interest between a principal (e.g., an employer or shareholder) and an agent (e.g., an employee or manager) when the agent is motivated to act in his own best interests rather than those of the principal.

Banking Industry

A sector of the economy comprising institutions that offer financial services, such as deposit accounts, loans, and currency exchange.

United States

A country in North America consisting of 50 states, a federal district, five major self-governing territories, and various possessions.

Incentive

A factor, either monetary or non-monetary, that motivates individuals or firms to act in a certain way.