Which of the Following Is True of Union Security Agreements

question 50

Multiple Choice

Which of the following is true of union security agreements?

• A) Under a closed shop agreement, an employer hires workers who are not part of any union.
• B) Under an agency shop agreement, an employer only hires workers who agree to not join any union.
• C) An employee hired under a union shop agreement is represented by more than one union.
• D) Dues checkoff refers to the deduction of union dues and agency fees from employees' wages.

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Definitions:

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, culminating in the net income or loss for that period.

Periodic Inventory System

An inventory system where inventory levels and cost of goods sold (COGS) are updated in the accounting records at the end of an accounting period.

Cost of Goods Sold

The total cost directly related to the production of the goods sold by a company.

Income Statement

A financial statement that shows a company's revenues, expenses, and profit or loss over a specific period.