Ask Question
BusinessBusiness
2 August, 15:50

What is the difference between a closed shop and a lockout

+2
Answers (1)
  1. 2 August, 18:41
    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?
Get an answer to your question ✅ “What is the difference between a closed shop and a lockout ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Contribution Margin and Contribution Margin Ratio For a recent year, McDonald's company-owned restaurants had the following sales and expenses (in millions) : Sales $18,169.3 Food and packaging $ 6,129.7 Payroll 4,756.
Answers (1)
MC Qu. 111 A company has an overhead application ... A company has an overhead application rate of 121% of direct labor costs. How much overhead would be allocated to a job if it required total labor costing $27,000?
Answers (1)
An investment proposal with an initial investment of $100,000 generates annual net cash inflow of $20,000 for a period of 10 years. The project has a net present value of $10,000. What is this investment proposal's payback period?
Answers (1)
When a bakery analyzes the effects of a new competitor entering the neighborhood and its potential impact on its business, the bakery is analyzing its A. threats. B. weaknesses. C. opportunities. D. strengths
Answers (1)
Statement Price Control Binding or Not The government prohibits donut shops from selling donuts for more than $1.80 each.
Answers (1)
New Questions in Business
Joe and his team are working to develop a new product. They have been given a fixed budget and a rough estimate of the time left until the product must hit the market.
Answers (1)
Isabella is a security support manager for a large enterprise. in a recent meeting, she was asked which of the standard networking devices already present on the network could be configured to supplement the specific network security hardware
Answers (1)
If a country on a fixed exchange rate regime finds its currency falling:
Answers (1)
What are the three types of television programming
Answers (1)
The shrimp harvest was unusually good this year. the demand curve did not shift from last year, but because of the abundant harvest, the price fell from $100 per sack to $85 per sack. the price elasticity of demand for shrimp is - 1.40.
Answers (1)
Home » Business » What is the difference between a closed shop and a lockout
Sign Up Forgot Password?