Chapter 27 - Practices Of Labor Unions Flashcards
1
Q
Closed shop
A
An organization in which an employee must belong to the union before he or she can be hired
2
Q
Union shop
A
An organization in which a worker is not required to be a member of the Union in order to be hired but must become a member within a certain time after being employed
3
Q
Collective-bargaining
A
The process whereby wage rates and other issues are determined by a union bargaining with management on behalf of all union members
4
Q
Strike
A
The union employees refusal to work at a certain wage or under certain conditions
5
Q
Monopsony
A
A single buyer in a factor market
