Ask Question
BusinessBusiness
27 November, 15:56

What is the difference between a closed shop and a lockout

+4
Answers (1)
  1. 27 November, 16:21
    0
    A closed shop refers to business which employs union workers alone, whereas in case of a lockout, such a business does not permit employment of union workers.

    Lockout serves as a mean to curb labor union demands. In lockouts, the owners of such businesses lock out or block the entry/employment of union workers.

    In case of a closed shop, all the employees represent members of labor union. The two concepts represent exactly opposite scenarios.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is the difference between a closed shop and a lockout ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Suppose the consumption function is c = $500 billion + 0.9y and the government wants to stimulate the economy. by how much will aggregate demand at current prices shift initially (before multiplier effects) with
Answers (1)
Which of the following is most likely to be characterized by substantial asymmetric information? a. a soft drink purchased in a vending machine. b. a car wash to benefit the local high school band. c. a collectible baseball card purchased on eBay. d.
Answers (1)
hat is the journal entry Pogrund makes to record the receipt of the $10,000 good faith deposit on December 31, 2019?
Answers (1)
Interview questions typically focus on all of the following except A. age and disability. B. job-related skills. C. experience and intelligence. D. aptitude and attitude.
Answers (1)
Harding Corporation acquired real estate that contained land, building and equipment. The property cost Harding $2,565,000. Harding paid $770,000 and issued a note payable for the remainder of the cost.
Answers (1)
New Questions in Business
A company calculates the value of inventory by using the lower-of-market valuation method. which value should the company report for the inventory item for the period?
Answers (1)
To test an herbal treatment for acid reflux disease, 100 volunteers who suffered from mild indigestion were randomly divided into two groups. Each person was given a month's supply of tea bags.
Answers (1)
A facility management pro forma cash flow statement has beginning accounts receivable and payable balances of ¥18,000,000 (Japanese Yen) and ¥20,000,000.
Answers (1)
Which of the following statements about the consumers' responses to rising gasoline prices is correct? a. Because gasoline is a necessity, consumers do not decrease their quantity demanded in either the short run or the long run. b.
Answers (1)
which of the following statements is most accurate when describing the reasons the market value of a company could be substantially higher than it's book value?
Answers (1)
Home » Business » What is the difference between a closed shop and a lockout
Sign Up Forgot Password?