Business Law Vocab

Allows employees the right to work for a company whether or not they decide to

join the union

• Featherbedding

• Closed Shop

• Right-to-Work Laws

• Labor Unions

Based on precedents established by judges decisions is which of the following?

• Common Law

• Administrative Law

• Statutory Law

Which act legalized right-to-work laws and stopped featherbedding and closed shop practices?

• Clayton Antitrust Act of 1914

• Sherman Antitrust Act of 1890

• Federal Trade Commission Act of 1915

• Taft-Hartley Act of 1947

Labor unions forcing companies to hire unnecessary workers

• Featherbedding

• Grievance Arbitration

• Taft-Hartley Act of 1947

• Unionization

Method of settling a labor-management disagreement with the assistance of an

impartial third party

• Unionization

• Collective Bargaining

• Grievance Procedure

• Grievance Arbitration

Allows central banks to achieve price stability and help maintain economic

fluctuations; determines the size and rate of growth of the money supply

• Monetary Policy

• Clayton Antitrust Act of 1914

• Federal Trade Commission Act of 1915

• Federal Trade Commission

(National Labor Relations Act) gives workers the right to organize a union and

bargain with management is which of the following?

• Labor Unions

• Right-to-Work Laws

• Unionization

• Wagner Act of 1935

When union representatives and management come together to discuss issues

arising between employees and employers; union workers strike when an

agreement cannot be reached is which of the following?

• Customs Duties

• Administrative Law

• Collective Bargaining

• Organized Labor

Employees work together to make a difference in the workplace is which of the following?

• Unionization

• Labor Unions

• Organized Labor

• Federal Trade Commission

Rules, regulations and interpretations of statutory law set forth by administrative

agencies and commissions; enforced on corporations by administrative

agencies is which of the following?

• Statutory Law

• Administrative Law

• Common Law