Answer:
a closed shop
Explanation:
Based on the scenario being described within the question it can be said that this provision reflects a closed shop. This term refers to a specific place of employment in which all the individual's who are employed in this place must currently belong to an agreed trade union and be following all the guidelines set forth by the union. Such as the Overnight Construction Company has stated that must be the case in order to hire an individual.
The statement that a put bond allows the holder to force the issuer to buy the bond back at a stated price is: True.
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What is a Put Bond?</h3>
A Put Bond is a debt instrument that gives the holder access to repurchase the security within a specific period before the due date. The individual repurchasing sets his price at a given time of issuing the card per value of the bond.
A put bond therefore gives access or allows the Holder to force the issuer to repurchase the bond back at a stated price.
Learn more about Put Bond here:
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