Under A(n)____ Provision,employees Are Not Required to Actually Join a Union,but

question 19

Multiple Choice

Under a(n) ____ provision,employees are not required to actually join a union,but they are required to pay the equivalent of union dues as a condition of employment.

• A) agency shop
• B) closed shop
• C) open shop
• D) union shop

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Definitions:

Paid-In Capital

The amount of capital provided by shareholders in exchange for shares of a company's stock.

Stock Split

A corporate action that increases the number of a corporation's outstanding shares by dividing each share, which in turn reduces the price per share.

Market Value

The ongoing value for buying or selling an asset or service in a market setting.

Par Stock

The ideal quantity of specific inventory items that a business should hold to meet demand without overstocking.