If the Bargaining Unit Members Decide That They Desire to Nullify

question 21

Multiple Choice

If the bargaining unit members decide that they desire to nullify the union shop provision in their agreement, then it must be passed by a majority of the bargaining unit members. The election held for this purpose is known as the ________ election.

• A) rolling
• B) deauthorization
• C) runoff
• D) decertification

Appreciate the role and limits of economic models and theories in explaining real-world phenomena.

Recognize the importance of investment in accumulating capital goods.

Understand the scientific method's application to economics and its relevance in studying human behavior.

Understand the broad categories of economic resources and their examples.

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Definitions:

Privity of Contract

The relationship that exists between the parties involved in a contract, giving them the ability to sue each other but not allowing a third party to do so.

Manufacturer

A person or company that makes goods for sale, especially on a large scale.

Damages

Financial compensation awarded to a party in a lawsuit for loss or injury suffered due to another party's actions or negligence.

Bottle of Pop

A colloquial term referring to a sealed container filled with a carbonated soft drink.