Which Type of Union Security Was Outlawed in 1947

question 49

Multiple Choice

Which type of union security was outlawed in 1947?

• A) agency shop
• B) closed shop
• C) union shop
• D) preferential shop
• E) maintenance of membership

---

Definitions:

Preferred Stock

A type of stock that grants holders preference in dividend payments and assets in the event of a liquidation, often without voting rights.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Market Value

The prevailing rate at which a service or asset is available for purchase or sale in a market.

Capital Asset Pricing Model

A formula used to determine the expected return on an investment, considering risk and the time value of money.