Describe two union security provisions that organizations commonly provide.
What will be an ideal response?
A major concern of union representatives when bargaining is the negotiation of union security provisions, contract clauses that help the union obtain and retain members and collect union dues. One type of union security clause in labor contracts is the no-layoff policy, or job security guarantee. Such a provision is especially important to many union workers because of all the mergers, downsizings, and job reductions taking place. However, management is often unwilling to consider this type of provision.Another union security provision is requiring union membership of all employees, subject to state right-to-work laws.Another common union security provision is the dues checkoff clause, which provides for the automatic deduction of union dues from the payroll checks of union members, thus enabling employers to transfer dues to unions through one comprehensive payment. The dues checkoff provision makes it much easier for the union to collect its funds, and without it, the union must collect dues by billing each member separately.
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A. Cohesion B. Conceptual C. Intuitive D. Engagement E. Human
Which of the following is a difference between an attribute and a benefit of a product?
a. An attribute is what consumers achieve by using a product, while a benefit is a characteristic of a product. b. An attribute is a temporary part of a product, while a benefit is always associated with a product. c. An attribute is bought by consumers, while a benefit is not bought by consumers. d. An attribute is a feature of a product, while a benefit is what consumers receive by using a product.
Which of the following capital budgeting assumes that any cash flows generated by a project can be reinvested at its internal rate of return (IRR)?
A. net present value (NPV) method B. discounted payback period method C. traditional payback period method D. internal rate of return (IRR) method E. modified internal rate of return (MIRR) method
When a futures contract is purchased, ________
A) no money changes hands B) the only cash flow is at the maturity of the contract C) the buyer must deposit a certain amount of cash into a margin account D) the futures commission merchant marks up the price to cover his commission