Which of the Following Terms Refers to a Substitute Arrangement

question 37

Multiple Choice

Which of the following terms refers to a substitute arrangement of union membership in which members receive discounts on insurance and credit cards rather than representation in collective bargaining?

• A) card-check provision
• B) corporate union membership
• C) indirect union provision
• D) associate union membership
• E) relational union membership

---

Definitions:

Debt Restructure

The process of renegotiating the terms of existing debt agreements to provide a more favorable outcome for the borrower, potentially including changes to interest rates, repayment schedules, or the amount owed.

Future Cash Flows

Estimates of the amount of money expected to flow in and out of the business in the future.

Book Value

The net value of a company's assets minus its liabilities, as recorded on the balance sheet.

Factored Receivables

Accounts receivable that have been sold to a third party (the factor) for immediate cash, minus a fee.