The AFL-CIO's negotiations committee has finally reached an agreement with the representatives of Transcontinental Airways on its first labor contract. Before this contract can become a legally binding agreement, what must take place?
A) Certification
B) Formal election
C) Collective bargaining
D) Authorization
E) Ratification
Question 2 - You are the Executive Vice President for Cooper Tire. You have the responsibility to locate land for a new distribution center in Mississippi, where you personally happen to own over 1000 acres of land. This could create:
A) a code of ethics.
B) the usual decision-making problems of cost versus benefit to Cooper Tire.
C) a wonderful, ethical opportunity to make a lot of money.
D) an ethical opportunity to move the distribution center to your hometown.
E) a conflict of interest.
Question 3 - The process of negotiating a labor contract with management is known as:
A) ratification.
B) stipulation.
C) manipulation.
D) arbitration.
E) collective bargaining.
Question 4 - After several years of high unemployment rates, businesses are hiring more employees after reporting several quarters of increased profits. The economy is likely in a:
A) recovery phase.
B) contraction phase.
C) recession phase.
D) trough.
E) peak.
Question 5 - The union can immediately begin the process of negotiating a labor contract with management after which step of the unionization process?
A) NLRB certification
B) Authorization cards
C) Organizing campaign
D) Election
E) Ratification
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