Sharon Is Not Required to Join the Union That Represents

question 12

Multiple Choice

Sharon is not required to join the union that represents coworkers at her place of employment, which happens to be an agency shop. This means that:

• A) she must, nevertheless, pay union dues.
• B) she need not pay union dues.
• C) she must negotiate her own wages and hours.
• D) she is, nevertheless, bound by the rules and regulations of the union.

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Definitions:

Contribution Margin

The amount of revenue remaining after deducting the variable costs associated with producing a product, used to cover fixed costs and generate profit.

Unit Variable Cost

The cost associated with producing one additional unit of a product, including labor and material but excluding fixed costs.

Unit Selling Price

The price at which an individual unit of product is sold to customers.

Percentage

A way of expressing a number as a fraction of 100, denoted using the symbol "%".