The Teamwork for Employees and Managers (TEAM) Act

question 22

Multiple Choice

The Teamwork for Employees and Managers (TEAM) Act:

• A) Allowed an employer to establish any organization in which employees participate to address matters of mutual interest.
• B) Was adopted by NUMMI.
• C) Transformed companies into financial holding companies to show a profit.
• D) Encouraged the Coalition of Labor Union.

---

Definitions:

Performance

The execution of an action or fulfillment of a contract as specified.

Withdraw Acceptance

The act of revoking acceptance of a contract or offer before it is fully executed, often under specific conditions or due to misrepresentation.

Reasonable Commercial Standards

A set of practices that are considered acceptable and customary in a particular industry or line of business.

Fair Dealing

A principle requiring parties, especially in financial transactions or fiduciary relationships, to act in an honest and open manner without taking unfair advantage.