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53 Cards in this Set
- Front
- Back
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Yellow-dog contracts
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Employment contracts in which new employees promise not to join a union.
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Ex parte Injuction
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Injuction issued by a judge after hearing only one side of an argument.
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Bargaining unit
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Any group of employees whose employment contract is negotiated together.
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Authorization card
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Signature on card indicates that a worker wants to be represented by a particular union.
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Representation election
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Conducted by a union if workers wish to be represented by a union but management will not voluntary recognize it.
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Certification
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Selecting a bargaining representative by a majority secret vote of the workers in the bargaining unit; NLRB then recognizes that union as the exclusive negotiator for all the employees in the bargaining unit.
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Decertification election
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Process by which employees can reject union representation or select a different union.
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Union Shop
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Establishment in which all workers must join the union within a stated period.
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Agency Shop
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Establishment in which nonunion members are not required to join the union but must pay union dues.
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Open Shop
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Establishment in which nonunion members are not required to join the union or to pay union dues.
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Sherman Antitrust Act
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Passed in 1890 and prohibited restraints of trade and made business monopolies illegal.
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NLRB
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National Labor Relations Board. Administers the rights and duties given to workers, employers, and unions.
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Right to work laws
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State laws which ban the union shop, the closed shop, and the agency shop.
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Collective Bargaining
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Process by which the union and employer negotiate a contract of employment that binds both sides.
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Strike
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Collective work stoppage by employees to pressure the employer to give in to union demands.
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Lockout
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Employer shutdown of operations to force a union to agree to the employer's position.
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Deadlocked
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Collective bargaining situation in which the union and employer cannot agree on important issues.
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Mediation
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Attempt by a neutral third party to achieve a compromise between two parties in a dispute.
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Employment Discrimination
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Treating individuals differently on the basis of race, color, gender, national origin, or religion
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Protected Class
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Groups that employment law protects.
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Insurance
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Agreement under which one party will pay to offset a loss to another.
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Indemnify
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To make good a loss
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insurer
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party who will indemnify if the loss occured.
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insured
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Party protected or covered if loss occurs.
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beneficiary
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Party for whose benefit a trust is managed; also recipient of the amount to be paid under an insurance policy.
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policy
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Written contract of insurance.
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face value
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Stated maximum amount that could be paid under a policy.
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premium
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Consideration for insurance contract
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Risk
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Potential loss that is insured against.
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What are the seven major types of Insurance?
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Life (term for a certain number of years and whole life), fire, casualty (burglaries, automobiles, liability, disability), social, marine, inland marine, and fidelity and surety bonding insurance.
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Insurable interest
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Potential to sustain loss if the insured property is damaged or destroyed or if the insured person is injured or dies.
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RSDHI
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Retirement Survivors' Disability and Health Insurance
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Automobile insurance
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Insurance providing liability and other coverages for the operation of a motor vehicle. Often augmentated by an omnibuas clause which extends similar coverage to all members of a household.
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Collision Inurance
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Automobile insurance that protects against upset and direct and accidental damage due to colliding with another object.
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Comprehensive Insurance
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Insurance that covers against all damage to the insured's car except that caused by collision or upset.
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What are the three principal forms of business organizatin?
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Sole proprietorship, partnership, and corporation.
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Sole proprietorship
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Form of business owned by one person who has total unlimited liability.
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Partnership
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Association of two or more persons, as coowvers, to carry on a business for profit.
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Corporation
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Legal entity created by the authority of federal or state law.
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No-fault insurance
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insurance that requires that the parties to an automobile accident be covered by their own insurance company, regardless of who is at fault.
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What different types of insurance are there?
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Retirement, survivor's, disability, health
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Waht is the variety of criteria with which one cannot consider when making employment decisions?
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Race and color, gender, pregnancy, age, religion, disability, national origin.
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Conditions of employment
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Illegal to discriminate against protected classes in any aspect of the job.
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Organizations subject to these laws.
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Most employers with fifteen or more employees and engaged in interstate commerce subject to this.
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property
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Tangible and intangible things and their corresponding legal rights and interests. Includes right to posses, use enjoy it...dispose consume or destroy it,,,anmd give it away after deatrh.
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real propety
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land...realty
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personal property
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tangible, movable property and intangible property. Also called personalty
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goods
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items of tangible, movable, personal property
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intellectual property
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purely intangible personal property that one cannot touch or move.
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copyright
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protects the expression of a creative work, such as the work of an artist, author, or composer.
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infringement
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unauthorized copying, sale, display, or performance of a copyrighted work
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fair use
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limited use of copyrighted works by critics, researchers, news reporters, and educators.
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