What Is the Effect of a Successful Application to a Labour

question 6

Multiple Choice

What is the effect of a successful application to a labour relations board for a declaration of successorship?

• A) The certification is rendered inactive
• B) The existing certification is maintained
• C) The union is decertified and then recertified in its new context
• D) The certification is put on hold until an investigation is concluded

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Definitions:

Partnership Form

A legal form of business operation between two or more individuals who share management and profits.

Paid-In Capital

Funds raised by a company through the issuance of shares to investors, exceeding the par or stated value of the shares.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which may not be indicative of the market value.

Debit Balance

A debit balance is the amount that remains in a particular account within a bookkeeping ledger, primarily indicating money owed or expenses that have surpassed credits.