Open Shop

Closed Shop
A closed shop is an organization where workers are required to be members of a union before they can be hired. Due to legislation, closed shops are largely illegal.
Open Shop
An enterprise that employs workers without regard to whether they are members of a labor union.
Union Shop
A union shop is a type of workplace in which all employees must be members of a union. However, nonunion members may work provided they agree to join the union after a specified period.

Accounting Terms Lexicon

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