Union Substitution Refers To

question 83

Multiple Choice

Union substitution refers to:

• A) Management policies and practices adopted to keep unions out by making them unnecessary.
• B) Tactics such as harassment, demotion, or firing of union supporters.
• C) Elections in which workers vote out their current union in favor of an alternative union.
• D) Laws and regulations that provide the same or similar benefits as unions.

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Definitions:

Debt Market

A market where investors buy and sell debt securities, typically bonds, which are promises to repay borrowed money.

Primary Market

A part of the capital market where new securities are initially sold to investors, typically through underwriting.

Secondary Market

A market where previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.

Default Risk

The risk that a borrower will not make the required payments on a debt obligation, leading to a default situation.