In Recent Years Some Unions Have Granted Concessions and Given

question 294

Multiple Choice

In recent years some unions have granted concessions and given up benefits secured in earlier contract negotiations in an attempt to save jobs. These concessions are called:

• A) injunctions.
• B) givebacks.
• C) buyouts.
• D) disbenefits.

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Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health of the business.

Company

An organization created by several individuals for the purpose of running and managing a business, which can be either commercial or industrial in nature.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations by dividing current assets by current liabilities.

Company

An organized entity engaged in trade of goods, services, or both to consumers, operating with the aim of generating profit.