In terms of the employer, the basic difference between the closed shop and union shop is
a. under a closed shop, employers may hire anyone as long as the new employee joins the union immediately after beginning work.
b. under a union shop, the employer is required to consult with the union before hiring a prospective employee.
c. under a union shop, the employer may hire anyone and the employee is under no obligation to join the union.
d. under a closed shop, the employer must hire union labor, in effect allowing the union to act as an employment agency.
D
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The guidance least likely to apply to personal financial planning (PFP) engagements is
a. Confidential Client Information Rule b. Independence Rule c. Statement on Standards for Consulting Services d. Statement on Standards for Attestation Engagements related to financial forecasts and projections
To be a source of competitive advantage, a resource must:
a. provide superior benefits to customers. b. give the firm a cost advantage. c. be rare. d. be transparent. e. a and c above