There Is No Requirement That the Parties Actually Sign the Collective

question 69

True/False

There is no requirement that the parties actually sign the collective agreement if they come to an agreement. They simply must come to an agreement.

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Definitions:

Retained Earnings

The portion of a company’s profit that is held back and not distributed to shareholders as dividends, to be reinvested in the business.

EBIT

Earnings Before Interest and Taxes - an indicator of a company's profitability that calculates income without tax expenses and interest expenses.

Straight Line

A method of allocating the cost of a tangible asset over its useful life in equal installments.

Net Income

The net income a company achieves once all costs and taxes are subtracted from its total revenues.