Labor laws require that unions fulfill a _______________________________ which means that they cannot discriminate against employees, members and nonmembers, and must fairly represent all employees in the bargaining unit.
Fill in the blank(s) with the appropriate word(s).
duty of fair representation
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A drawee is primarily liable on a draft when ________
A) the instrument is issued B) the instrument is dishonored C) the instrument is presented for payment D) the drawee is an acceptor to the instrument
The chief purpose of calculating quantitative industry attractiveness scores for each industry a company has diversified into is to
A. determine which industry is the biggest and fastest growing. B. get in position to rank the industries from most competitive to least competitive. C. rank the attractiveness of the various industry value chains from best to worst. D. ascertain which industries have the easiest-to-achieve key success factors. E. provide a basis for drawing analysis-based conclusions about the attractiveness of the industries a company has diversified into, both individually and as a group, and further to provide an indication of which industries offer the best and worst long-term prospects.
Companies that produce lawn mowers to meet demand during the summer months can also manufacture snow blowers for the winter. This approach is an example of ______.
a. developing counter-seasonal products and services b. matching supply and demand with backorders c. matching price with demand d. advertising and promotions
Pat bought a cotton sweater at Ivey's Fashion Store. Sue, the salesperson, told her the sweater was guaranteed not to shrink if washed in cold water by hand. Pat washes the sweater as directed and it shrinks. Which of the following is correct?
A) Pat has no recourse against the store, because it was only the salesclerk who misrepresented the sweater. B) Sue has apparent authority to make warranties such as the one that she made. Therefore, the store is bound. C) If Sue is only a part-time employee, Ivey has no responsibility for misrepresentations she makes. D) Salesclerks are usually independent contractors. Thus, there is no liability on the part of Ivey.