Prior to the Establishment of the Conciliation and Arbitration System

question 5

Multiple Choice

Prior to the establishment of the conciliation and arbitration system in Australia, employers often used what type of law to thwart union activities?

• A) Statute law
• B) Both common law and statute law
• C) Common law
• D) None of the options given here is correct

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Definitions:

Par Value

A nominal value of a security, such as a bond or stock, which is set by the issuing company and does not necessarily reflect its market value.

Corporate Form

A legal structure for organizations that treats the business as a separate entity from its owners, providing limited liability protection.

Business Organization

A legally recognized entity established to conduct commercial activities, ranging from sole proprietorships to corporations.

Advantage

The condition of being in a favorable or superior position relative to competitors or alternatives.