Which of the Following Statements Is Correct with Respect to the Operation

question 73

Multiple Choice

Which of the following statements is correct with respect to the operation of the collective agreement?

• A) It is unlawful to include in a collective agreement a provision whereby a new employee must become a member of the union.
• B) Arbitration is a process whereby the mediator/conciliator will hear both sides of the dispute and try to persuade the parties to come to an agreement.
• C) All disputes arising out of the enforcement of the collective agreement that cannot be settled by negotiation must be handled by conciliation/mediation.
• D) All disputes arising out of the enforcement of the collective agreement that cannot be settled by negotiation must be handled by arbitration or another agreed upon method.
• E) Mediation is a process whereby the mediator/conciliator will hear both sides of the dispute and make a decision binding on the parties.

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Definitions:

LLCs

Limited Liability Companies, a hybrid business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.

Limited Partnerships

A business formation where one or more general partners manage the business and are personally liable, while limited partners invest but have limited liability and do not manage business operations.

Limited Partnership

A partnership structure where at least one partner has unlimited liability (general partner) and the rest have limited liability (limited partners), protecting them from debts beyond their investment.

Certificate of Limited Partnership

A legal document filed with a state by the general partners of a limited partnership that details the partnership's structure and operations.