A Condition Prohibiting an Employer from Hiring Anyone Other Than

question 50

Multiple Choice

A condition prohibiting an employer from hiring anyone other than a union member is called a(n) :

• A) cartel agreement.
• B) lockout.
• C) closed shop.
• D) embargo.

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Definitions:

Net Investment

The net expenditure on acquiring new capital assets after deducting the depreciation of the present capital assets.

Limited Liability

A legal structure that limits the financial liability of an individual in a business to their investment in the company, protecting personal assets from business debts and obligations.

Personal Assets

Items of value owned by an individual, including both tangible assets like property and financial assets such as cash and stocks.

Corporate Stockholder

An individual or entity that owns shares in a corporation, thereby holding a portion of its equity.