MATCHING KEY TERMS AND DEFINITIONS

question 35

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-Prohibit union membership as a condition of employment.

• A)Fact-finding
• B)Wagner Act
• C)Dues checkoff
• D)Lockout
• E)Federal Mediation and Conciliation Service (FMCS)
• F)Open shop
• G)Maintenance of membership
• H)Union security arrangements
• I)Railway Labor Act
• J)Wildcat strike
• K)National Labor Relations Board (NLRB)
• L)Agency shop
• M)Right to work laws
• N)Grievance procedure
• O)Authorization card

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Definitions:

Suppliers Concentrated

A market condition where a small number of suppliers provide a large portion of a particular product or service, which can lead to less competition and higher prices.

Switching Costs

Economic barriers that prevent or discourage consumers from changing products or service providers.

Supplier Power

Refers to the ability of providers of goods or services to influence the price and terms under which those goods or services are sold.

Critical Inputs

Essential resources or components required for a production process or operational function.