Representation Votes Are Held

question 26

Multiple Choice

Representation votes are held

• A) to determine which group of employees should comprise the bargaining unit.
• B) to determine that a new union is bona fide and not supported by the employer.
• C) to approve the terms and conditions of a collective agreement negotiated between the employer and union representatives.
• D) to determine employee support for a union in a bargaining unit.
• E) All of the responses are correct.

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Definitions:

Net Present Value

The calculation used to determine the present value of all cash flows associated with a project or investment, including initial capital outlay and all subsequent flows, discounted at a particular rate.

Electricity Bills

A periodic payment made by consumers for the electricity that they have consumed during a billing cycle.

Interest Rate

The percentage of the principal amount charged by lenders to borrowers for the use of money.

Net Present Value

The difference between the present value of cash inflows and the present value of cash outflows over a period of time.