The ___________________ Is the Part of the Labor-Management Agreement That

question 45

Multiple Choice

The ___________________ is the part of the labor-management agreement that states that employees who receive union benefits must join the union,or at least pay dues to it.

• A)givebacks clause
• B)agency clause
• C)closed shop clause
• D)union security clause
• E)union shop clause

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Definitions:

Market Rate

The prevailing rate at which goods, services, or securities are bought and sold in the market.

Interest Rate

The amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets.

Amortization

The gradual reduction of a debt or the spreading out of capital expenses for intangible assets over a specific period of time.

Bond Payable

A bond payable is a long-term liability where a borrower agrees to pay back a fixed amount of funds at a future date, along with periodic interest payments.