Traditional U

question 126

Multiple Choice

Traditional U.S. union contracts spell out the safety standards that __________________ is(are) obliged to uphold.

• A) OSHA
• B) the union
• C) management
• D) employees

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Definitions:

Defective Corporation

A corporation that has not been properly formed due to a failure in fulfilling statutory requirements, yet may still be recognized as a corporation.

Equity Securities

Financial assets that represent ownership interest in a company, such as stocks.

Debt Securities

represent money that is borrowed and must be repaid, with terms that define the amount borrowed, interest rate, and maturity date, commonly issued in the form of bonds, notes, or bills.

Bonds

Debt securities issued by corporations or governments to raise funds, whereby the issuer owes the holders a debt and is obliged to pay interest.