What Legally Required Process Ensures That Members of Union Bargaining

question 13

Multiple Choice

What legally required process ensures that members of union bargaining committees will not unduly focus on their own personal priorities and instead negotiate an agreement that reflects the objectives of the full membership?

• A) The certification process
• B) The grievance process
• C) The ratification process
• D) The arbitration process

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Definitions:

First Claim

The priority right to make a demand or assert a right before others; often used in financial contexts, such as creditors having first claim on assets.

Purchase-Money Security Interest

A legal claim that allows a lender to repossess or foreclose on property if the borrower fails to repay a loan used to purchase the property.

Collateral

Assets pledged by a borrower to secure a loan or credit, which can be seized by the lender if the borrower fails to make required payments.

Secures

Generally refers to providing protection or ensuring the enforcement of a legal agreement, often involving financial assets as collateral.