The Most Important Element in Determining the Legality of a Strike

question 61

Multiple Choice

The most important element in determining the legality of a strike or lockout is

• A)notification of failure to reach a settlement to the Minister of Labour.
• B)timeliness.
• C)failure of voluntary mediation.
• D)majority vote by union members.
• E)failure of compulsory conciliation.

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Definitions:

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed units of production, making them comparable to fully completed units.

Conversion Costs

The sum of direct labor costs and manufacturing overhead costs incurred to convert raw materials into finished goods.

Completion Ratios

A measure used to evaluate the extent to which a task, project, or goal has been completed, often expressed as a percentage.

Direct Materials

Raw materials that are directly traceable and allocable to the production of specific goods or services.