Which Type of Union Security Accounts for Almost Three-Fourths of Union

question 46

Multiple Choice

Which type of union security accounts for almost three-fourths of union contracts?

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

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Definitions:

Fixed Expenses

Costs that do not fluctuate with changes in production level or sales volume, such as rent or salaries.

Unit Product Cost

The total expense incurred to manufacture or produce one unit of a product, including direct materials, labor, and overhead costs.

Variable Manufacturing Overhead

These are costs that vary with production volume, such as utilities for the production plant or materials.

Net Operating Income

The total revenue from operations minus the operating expenses, exclusive of taxes and interest, in a different phrasing.