What Does Union Structure Seek to Ensure

question 42

Multiple Choice

What does union structure seek to ensure?

• A) It remains politically active
• B) It is financially viable
• C) It is directed by the wishes of its membership
• D) It is democratically constituted

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Definitions:

Co-insurance

An insurance arrangement where the risk is shared between the insurer and the insured, often requiring the insured to pay a specified percentage of the costs of a claim.

Utmost Good Faith

A principle requiring all parties in an agreement or contract to act honestly and not mislead or withhold critical information.

Wagering Agreement

A contract centered around betting or gambling where the outcome depends on an uncertain event.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights of the involved parties.