Describe the duties of union officers
The provisions of the LMRDA and the Taft-Hartley amendments to the NLRA imposed a number of duties on union officers to eliminate financial corruption and racketeering and to safeguard union funds. All officials handling union money must be bonded, and persons convicted of certain criminal offenses are barred from holding union office for five years. Unions are also subjected to annual reporting requirements by the LMRDA. The union reports, filed with the Secretary of Labor, must contain the following information:
the name and the title of each officer;
the fees and dues required of members;
provisions for membership qualification and issuing work permits;
the process for electing and removing officers;
disciplinary standards for members;
details of any union benefit plans; and
authorization rules for bargaining demands, strikes, and contract ratification.?
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Which of the following is true regarding a reactive strategy?
A) It is based on extensive customer and competitive knowledge. B) It seeks to gain a competitive advantage without direct confrontation. C) It refers to making competitive moves from an internal perspective with no real market knowledge. D) It leverages a knowledge advantage with respect to customers and competitors. E) It is an overreaction to competitor moves due to limited competitor knowledge.
A code of conduct requires input from which of the following that is not required for a code of ethics?
a. lawyers b. employees c. upper management d. the president/CEO
Credit can be denied solely on the basis of national origin.
Answer the following statement true (T) or false (F)
What guidelines has the Supreme Court set forth when awarding punitive damages in most cases?
a. Punitive awards should not exceed compensatory damages by more than a factor of nine. b. The Supreme Court has not set any limits for punitive awards. c. Punitive awards should not exceed compensatory damages by more than a factor of one hundred. d. The Supreme Court has stated that punitive damages are allowed only when there are no compensatory damages awarded.