A ____ Results When an Employer Agrees with a Union

question 31

Multiple Choice

A ____ results when an employer agrees with a union not to handle or use the goods or services of another employer.

• A) contract bar
• B) recognition bar
• C) closed shop
• D) hot-cargo clause

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the business' operating cycle, whichever is longer.

Accounts Receivable

Money owed to a company by its debtors for goods or services that have been delivered or used but not yet paid for.

Bonds

Fixed-income investments representing a loan made by an investor to a borrower, typically corporate or governmental, with terms defining the interest rate and maturity date.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding cost of goods sold (COGS).