Which of the Following Is NOT True

question 22

Multiple Choice

Which of the following is NOT true?

• A) Labor unions exist to assist workers with the management of an organization.
• B) Labor unions act on behalf of their members to secure wages, hours, and other terms and conditions of employment.
• C) Labor unions promote and foster grievance procedure.
• D) When a union is present, the employer can fire employees for unjustified reasons.
• E) When a union is present, HRM practices are spelled out in a negotiated agreement.

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Definitions:

Bondholder

An investor who owns bonds issued by a corporation or government, entitling them to receive fixed interest payments.

Board Of Directors

A group of individuals elected by shareholders to oversee the management and governance of a corporation.

Convertible Bond

A type of bond issued by corporations that can be converted into a predetermined number of shares of the issuing company's stock at certain times during the bond's life, usually at the discretion of the bondholder.

Interest Payment

The payment made to a lender by a borrower for the privilege of borrowing money, typically part of the return on a loan or bond.